Vidhi Codex

The Odisha Local Fund Audit Act, 1948

The Odisha Local Fund Audit Act, 1948

Finance194817 sections

The Odisha Local Fund Audit Act, 1948, regulates the financial auditing of local public funds in the state of Odisha, India. It applies to local authorities, including municipal bodies and panchayati raj institutions, as well as their elected or appointed officials. The Act matters because it establishes a uniform procedure for examining public accounts to prevent mismanagement. It empowers appointed state government auditors to identify illegal expenditure, recover financial losses caused by negligence directly from the liable individuals, and penalize those who disobey audit directions. Ultimately, it safeguards public taxpayer money, ensures transparency, and enforces strict accountability in local administration.

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  1. 0. Preamble
  2. 1. Short title, extent and commencement
  3. 2. Definition- In thisAct, unless there is anything repugnant in the subject
  4. 3. Liability of Local Authority to submit its accounts to audit- 1[(1)] Not withstanding anything contained in any enactment by which a Local authority
  5. 4. Appointment of Examiner, Deputy Examiner and Assistant Examiner of Local Accounts and Auditors
  6. 5. Government, appoint such number of Auditors of Local Fund as he considers necessary.
  7. 6. Power of auditor to require production of documents and
  8. 7. Penalty for disobeying direction of auditor
  9. 8. Audit Report- As soon as possible after the completion of the audit the
  10. 9. Power of Examiner of Local Accounts to surcharge or charge
  11. 10. Recovery of surcharge and charges- (1)Any amount certified under section 9 as due from any person shall, if not paid by such person within one
  12. 11. Appeal from order of surcharge or charge- (1)Any person aggrieved by any surcharge or charge made, may, within fourteen
  13. 12. Payment of expenses incurred in civil suit- (1)All expenses incurred by the Collector in any suit that may be brought
  14. 13. Charges in respect of audit to be payable out of local funds- All
  15. 14. Powers to make rules- (1) The Provincial Government may, subject
  16. 15. Repeals and Savings
  17. Schedule. Schedule

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