Accounts and Audit

Accounts and Audit.

1. (1) The Board shall maintain proper accounts and other relevant records and prepare an annual statement of accounts including the profit and loss account and the balance sheet in such form as may be prescribed by the State Government in consultation with the Accountant General, Manipur.
2. (2) The accounts of the Board shall be audited by the Accountant General, Manipur, or by such other person as the State Government may appoint in this behalf.
3. (3) The accounts of the Board as certified by the Accountant General, Manipur, or any other person appointed by the State Government in this behalf together with the audit report thereon shall be forwarded annually to the State Government and that Government shall cause the same to be laid before the Legislative Assembly.