Books of Accounts, Audit and Statutory Reports

(1) The State Council shall maintain such books of account and other books in relation to its accounts in such form and in such manner as may be prescribed. (2) The State Council shall, as soon as may be after closing its annual accounts, prepare a statement of accounts in such form, and forward the same to the Government by such date, as the Government may determine, (3) The accounts of the State Council shall be audited by such authority, at such times, and in such manner, as may be prescribed, (4) The annual accounts of the State Council together with the audit report thereon shall be forwarded to the Government and the Government shall cause the same to be laid before the State Legislature, and shall also forwarded a copy of the audit report to the State Council for taking appropriate action on the matters arising out of the audit report,