Accounts and Audit

General196321 sections

Statutory text

(1) The accounts of the Fund shall be kept and maintained in such manner and such form as may be prescribed by regulations. (2) Within six months of the close of each financial year, the Board shall cause to be prepared correct accounts of the receipts and expenditure on account of the Fund, its accretions and income for the immediately preceding year. (3) Such accounts shall be audited by a chartered accountant. (4) A copy of the report of the auditor, together with a copy of the accounts so prepared, shall be sent by the Board to the State Government, which shall lay the same on the table of the House of the State Legislature.

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