Accounts and Audit

Accounts and Audit:

1. (1) All moneys mentioned in sub-section
2. (2) of section 6 above and forming part of the Fund shall be deposited in any Schedule Bank or State Co-operative Bank as may be decided by the Board and the said account shall jointly be operated by the Vice-Chairman and Member Secretary of the Board in such manner as may be specified by the Board.
3. (2) The Board shall maintain such books of account and other books in relation to its accounts and prepare annual statement of accounts which shall be audited by the Auditor appointed by the Board with prior approval of the Government.