Amendment status not verified — confirm the current text below against the official source.
.District Authority, as the case may be·, may make a representation before an authority to be specified in the regulations within a period of 30 days ofsuch decision or order or action, as the ca~e may be, and the authority shall proceed to hear and make a decision on the !epresentation within a further period of 60 days, and, where the Vocational Training Provider or the Third Party Assessor, • as the case may be, is not satisfied with the decision on the representation, may prefer a _second representation. for review within a period of 45 days of the decision and a reviewing authority, .to be specified in the regulations, shall proceed to hear the grievance and make an appropriate decision in the matter . within a period of 90 days, and the decision of the revieWing authority shall be fin~. · CHAPTER-V FINANCES There shall be a State Skill Development Fund, to be_ maintaihed and operated by the State Authority in the manner specified by regulations ih this regard, for the purposes of I , implementation of the provisions of this Act and which shall be credited by. money received from or by the following, namely :- (a) The Central Government; (b) (c) (d) (e) The State Government; Loans, as authorized by the State Government; / . ' Gifts, donations, bequests, benefactions or trarlsfers received under the provi- sions of this Act; and I Any fee collected by the State Authority. , There shall be a District Skill Development Fund, to be maintained and operated by the District Authority in the manner specified by regulations in this regard, for the purposes of implementation of the provisions of this Act and which shall be credited by i;noney received from or-by the following, namely:- (a) The Central Government; · (b) (c) (d) (e) The State Government; Loans, as authorized by the State G?vernment; · Gifts, don;:itions, hequests, benefactions or transfer,s received under the provisions of this Act; and ' Transfe~s -~r?m tile Slate Authority. The State.Authority and District Authority in each district shall :- (a)··· 'Ma,n'tain proper accbunts. including the balance sheets. and other relevant -records, prepare an annual financial statement of accounts which shall be audited 15y the Examiner of Local Fund Audit of the State or such person(s) a1.i'thoritzed by it; . hk (b) .... ,, .. ;~~: 1 ~xa~in~~ ~f the {ocal Fu~d A·udit or any person authorized by 1 ~:~- in connection with ·the ,audit of the accounts of the State Authority or District ·Authority, as the case may· be, shall hav~ the 'same rights, privileg~s and.; , authorities in connection with such audit as the Examiner of the Local Fund Audit has in connection with the audit of the accounts of local bodies, in particular, -shall haveJ~e right to demand the production of.books, accounts, connected vouchers, other documents and papers· and to inspect the offices, of lhe State Authprity. or the District Authority in each district, as the case may. bt:;, /l ·.· . ,., . .•