Amendment status not verified — confirm the current text below against the official source.
(1) The Municipality shall consider the budget estimate and the recommendations, if any of Empowered Standing Committee thereon, and shall, by the fifteenth day of N{arch in each year, adopt the budget estimate for the ensuing year with such changes as it may consider necessary, and submit the budget estimate so adopted to the Director of Local Bodies. (2) The budget estimate received by the Director of Local Bodies, as the case may be, under subsection (1) shall be returned with or without modifications of the provisions relating to subventions by the State Government. (d) Cause physical verification of any stock of articles in course of examination of accounts. (4) The Auditor, or the officer subordinate to him, may report any item of accounts contrary to the provisions of this Act to the Empowered Standing Committee. (5) The Empowered Standing Committee shall consider the report of the Auditor as early as possible and shall, if necessary take prompt action thereon, and shall also, if necessary surcharge the amount of any illegal any person responsible therefore the amount of any deficiency or loss incurred by the negligence or misconduct of such person or any amount which ought to have been, but is not, brought into account by such person, and shall, in every such case, certify the amount due from such person: Provided that any person aggrieved by an order of payment of certified sums any appeal to the State Government whose decision on such appeal shall be final. (6) Any person who wilfully neglects, or refuses to comply with, the requisition made by an Auditor, or the officer subordinate to him, shall, on conviction by a Court, be punishable with fine in respect of item included in the requisition. The fine may be fixed by the Govt. from time to time.