Accounts and audit.

Corporate196172 sections

Statutory text

(1) The Corporation shall maintain books of account and other books in po1ati0n to its business and transactions in such form, and in such manner, as may be prescribed. 1[(2) The accounts of the Corporation shall be audited by the auditor appointed in accordance with the provisions of sub-section (3) of section 19 of the Comptroller and Auditor-Generals (Duties, Powers and Conditions of Service) Act, 1971 (LVI of 1979) or by any other auditor appointed by the State Government.]
(3) As soon as the accounts of the Corporation are audited, the Corporation shall send a copy thereof together with the copy of the report of the auditor thereon to the State Government.
(4) The State Government shall cause the accounts of the Corporation together with the audit report thereon forwarded to it under sub-section (3) to be laid annually before each House of the State Legislature.

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