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The Meghalaya Local Fund (Audit) Act, 2021

The Meghalaya Local Fund (Audit) Act, 2021

Finance202130 sections

The Meghalaya Local Fund (Audit) Act, 2021, establishes a structured framework for auditing the financial accounts of local authorities and funds within Meghalaya, such as municipal boards, councils, and local committees. It empowers the Director of Local Fund Audit to conduct various types of audits—including concurrent, special, and test audits—to ensure financial transparency and accountability. The Act mandates that local authorities present their accounts annually, allows for the recovery of misappropriated funds through surcharges, and provides a mechanism for public transparency. For citizens, this law acts as a safeguard against the misuse of public money, ensuring that local government funds are managed responsibly and legally.

Start reading →Read full ActSections
  1. 1. Short title and commencement
  2. 2. Definitions
  3. 3. Appointment of Director
  4. 4. Audit of Accounts
  5. 5. Power of audit of accounts of certain authorities, bodies, institutions or funds not included in the Schedule
  6. 6. Audit of accounts of stock/ stores and verification of cash balance
  7. 7. Manner in which Audit is to be conducted
  8. 8. Auditor to be deemed to be public servant
  9. 9. Liability of local authorities to prepare and present accounts for Audit
  10. 10. Issue of Audit Report
  11. 11. Power of auditor to require production of accounts and attendance of persons
  12. 12. Penalty for disobeying requisition under Section 11
  13. 13. Audit Reports to be sent to certain officers and bodies as Government may direct
  14. 14. Contents of Audit Report
  15. 15. Procedure to be followed after getting the report of the Director under section 13
  16. 16. Auditor to surcharge illegal payments and loss caused by negligence or misconduct
  17. 17. Powers and duties of the Director
  18. 18. Delegation of powers and functions
  19. 19. Payment of charges for Audit
  20. 20. Power to dispense with Cent-per-cent Audit
  21. 21. Defalcation or loss in money or stores to be reported by the Executive Authority
  22. 22. Act to override other enactment
  23. 23. Laying of audit report
  24. 24. Protection of action taken in good faith
  25. 25. Bar of jurisdiction of Civil Courts
  26. 26. Special provision for pending audit
  27. 27. Cognizance of offence
  28. 28. Power of Government to make rules
  29. 29. Power to remove difficulties
  30. 30. Provided that no such order shall be issued after the expiry of two years from the date of commencement of this Act.

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