Chapter IV FINANCE, ACCOUNTS AND AUDIT

1. (1) There shall be a fund of the Goseva Ayog to be called "the Goseva Ayog Fund", to which shall be credited all moneys received by the Ayog, including grants made by the Government, fees received, donations, gifts and bequests made to it by any person or institution.
2. (2) All funds of the Goseva Ayog shall be kept in a Nationalized Bank and shall be operated by the person as may be authorized by the Ayog in this behalf, in writing.

1. (1) The Goseva Ayog shall maintain proper accounts and other relevant records and prepare a report on accounts in such form as may be prescribed in consultation with the Accountant General, Maharashtra.
2. (2) The accounts of the Goseva Ayog shall be audited by the Accountant General at such intervals as may be specified by the Accountant General and any expenditure in connection with such audit shall be borne by the Ayog.
3. (3) The Accountant General or any person appointed by the Accountant General in connection with the audit of the accounts of the Goseva Ayog under this Act shall have the same rights and privileges and authority in connection with such audit as the Accountant General generally has in connection with the audit of Government accounts and, in particular, shall have the right to demand the production of books, accounts, connected vouchers and other documents and papers and to inspect any of the offices of the Goseva Ayog.

The Goseva Ayog shall prepare, in such form and by such date, as may be prescribed, for each financial year, an annual report, giving a full account of its activities during the previous financial year; and submit a copy of it to the Government within one month from the prescribed date.

1. (1) Upon receipt of the annual report submitted under section 16, the Government may take such action thereon as it may consider necessary.
2. (2) A copy of the report submitted to the Government, together with a report of the action taken thereon by the Government under sub-section (1), shall be laid before each House of the State Legislature.