The copies of accounts and audit report with comments thereon shall be placed before the Board.

Delegation of powers

1. (1) Subject to the provisions of this Act, the Board may by general or special order, delegate to the Managing Director or Member Secretary or sub-committee appointed by it or to any Officer of the Board such of the powers and duties under the Act, as it may deem fit.
2. (2) The Chairman or the Member Secretary of the Board may delegate his power under this Act to any Officer of the Board.