Annual accounts and audit.

Education202358 sections6 chapters

Statutory text

(1) The Board shall keep accounts in such form and in such manner, as may be prescribed.
(2) The accounts of the Board shall be audited by auditor appointed by the Board, with the previous approval of the Governing Council.
(3) The Government may, if it thinks necessary, appoint a special auditor to audit the accounts of the Board.
(4) The auditor or the special auditor, as the case may be, shall submit his report to the Board and shall forward a copy thereof to the Governing Council.
(5) The cost of the audit under sub-section (2) or (3), if any, shall be borne by the Board.

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