12. Accounts and Audit.-

(1) The State Government shall maintain proper accounts and other relevant records and prepare an annual statement of accounts, including a balance-sheet in such form as may be prescribed. (2) The accounts of the Fund shall be audited annually by the office of the Accountant General of Rajasthan. (3) The accounts of the Fund certified by the auditor, together with the audited report thereon shall be forwarded annually to the State Government before such date as the State Government may specify in this behalf. (4) The Board shall comply with such directions as the State Government may, after perusal of the report of the auditor, think fit to issue. (5) The cost of audit, as determined by the State Government, shall be paid out of the Fund. (6) All moneys forming part of the Fund shall be kept in current or deposit account with the State Bank of India (SBI) or in any Nationalised Bank or invested in securities by the State Government.