The 1[Maharashtra Local Fund Audit Act
The 1[Maharashtra Local Fund Audit Act
The Maharashtra Local Fund Audit Act regulates the financial auditing of local government bodies in Maharashtra, including municipal corporations, district panchayats, town councils, and school boards. It applies to these local authorities and their officers, forcing them to submit their accounts for regular and special reviews by state appointed auditors. This law matters because it ensures financial transparency and prevents the misuse of public money. By empowering authorities to penalize non-cooperation, report financial irregularities, and force responsible officials to personally pay back financial losses caused by neglect or illegal spending, the Act protects taxpayer funds and enforces strict local accountability.
- 1. Short title.
- 2. Extent.
- 3. Definitions.
- 4. Liability of local authorities to submit their accounts for audit.
- 5. Accounts to be submitted for audit at such period or periods as may be required.
- 6. Power of auditor to require production of documents and attendance of persons concerned, etc.
- 7. Penalty for disobeying requisition under section 6.
- 8. Audit report to be sent to certain officers and bodies as state Government may direct.
- 9. Audit report what to contain.
- 10. Local authority to remedy defects; Procedure to be followed after report of the Director under section 8.
- 11. Commissioner to surcharge or charge illegal payment or loss caused by gross negligence or misconduct.
- 12. Recovery of surcharges and charges how made.
- 13. Application against order of surcharge or charge.
- 14. Expenses in respect of requisition of auditors to be payable out of local fund.
- 15. Rules.
- 16. Amendments in Bom. III of 1901, Bom. VI of 1923 and Bom. XVIII of 1925. (Not printed.)
- 17. Repeal of C. P. and Berar IX of 1933 and saving.
- 18. Provisions of this Act to apply in addition to any other law relating to audit of accounts of local authorities.
PDF: pending for this language.