The Sikkim Local Fund Audit Act, 2012
The Sikkim Local Fund Audit Act, 2012
Finance201210 sections
This Act regulates the financial inspection of local authorities and government funds within Sikkim. It establishes a Director for Local Fund Audit to oversee reviews, ensuring public resources are accounted for correctly. The law applies to various local bodies, institutions, and funds operating in the state. It matters because it enforces transparency by requiring regular audits and enabling special investigations and reports on mismanagement or financial loss. By supervising these financial operations, the Act helps maintain public trust and ensures that state services are delivered responsibly through local administration.
- 1. Short title, extent and commencement
- 2. Definitions
- 3. Appointment of Director
- 4. Audit of accounts
- 5. Power of audit of accounts of certain authorities, bodies, institution or funds
- 18. Defalcation or loss in money or stores to be reported by the Executive authority
- 19. Laying of audit report
- 20. Protection of action taken in good faith
- 21. Special provision for pending audit
- 22. Power of the State Government to make rules
PDF: pending for this language.