Accounts, budget and grants

(1) The Council shall maintain in such form as may be prescribed, proper accounts which shall be audited annually by an auditor appointed in this behalf by the State Government. (2) The Council shall prepare, within such time as may be prescribed and in accordance with such directions as the State Government may, from time to time, issue in this behalf, its budget estimates for each year and shall forward the same to the State Government for their approval together with the last audit report. (3) The State Government may make such annual grants as they may consider necessary to the Council for the proper discharge of the functions of the Council under this Act.