THE ORISSA ELECTRICITY REGULATORY COMMISSION

PART I The commission's Pinance, Accounts and Audit I. Annual Financial Statement (1) In December of each year, the Commission shall submit to the State Government a statement of its estimated expenditure for the ensuing Financial year. (2) The State-Government shall as soon as possible after the receipt of the said statement cause it to be laid on the table of the State Legislature. (3) The Commission may at any time during the year in respect of which a statement under sub-paragraph (1) has been submitted, submit a supplementary statement to the State Government who shall cause it to be laid on the table of the State Legislature. II. Accounts and Audit (1) The Commission shall cause proper accounts and related records to be kept, including a proper system of internal check and shall prepare an annual statement of accounts in such form as may be prescribed by regulations in consultation with the Comptroller and Auditor-General of India or persons designated by him. (2) The accounts of the Commission shall be audited by the Comptroller and Auditor-General of India or by such person as he may authorise on his behalf and any expenditure incurred by him in connection with such audit shall be payable by the State Government. (3) The Comptroller and Auditor-General of India or any person authorised by him in connection with the audit of the accounts of the Commission shall have the right to demand the production of books, accounts, connected vouchers and other documents and papers of the Commission. (4) The accounts of the Commission as certified by the Comptroller and Auditor-General of India or any other person authorised by him on his behalf, together with the audit report thereon shall be forwarded to the State Government within six months of the close of the year to which the accounts and audit report relate, and the Commission shall cause the said accounts of the Commission to be published and make available the copies thereof on sale at a reasonable price. The audit report shall contain full details of any discrepancies or irregularities in the accounts of the Commission. At the same time, the Commission shall publish an annual statement of its activities in relation to the function carried out by it under this Act during the year to which the said accounts relate and make available the copies thereof on sale at a reasonable price. (5) The State Government shall cause the accounts of the Commission, together with the audit report thereof forwarded to it under sub-paragraph (4), to be laid annually before the State Legislature. PART II General III. Remuneration, etc. (1) The remuneration of the Chairman and members of the Commission shall at no time be inferior to the remuneration paid to the Chairman and members of Orissa Public Service Commission respectively. (2) The State Government may cause to be paid, as an expense of the Commission, to or in respect of any person holding the office of Chairman or a member of the Commission such pension, allowance or gratuity or such contributions or payments towards provisions of such a pension, allowance or gratuity. IV. Official Seal The Commission shall have an official seal for the authentication of documents required for the purposes of its functions. V. Performance of Functions Any thing authorised or required to be done by the Commission by or under this Act or any other enactment may be done by any member of the staff of the Commission who is authorised generally or specially in that behalf by the Commission.