Amendment status not verified — confirm the current text below against the official source.
Budget: The Board shall prepare, in such form and at such time in each financial year as may be prescribed, the budget for the next financial year showing the estimated receipt and expenditure of the Fund, and shall forward the same to the Central Government, 79 95 New Provision 68 I. Accounts & Audit: (1) The Board shall maintain proper accounts and other relevant records and prepare an annual statement of accounts of the Trust including the income and expenditure accounts in such form as the Central Government may prescribe and in accordance with such general direction as may be issued by that Government in consultation with the Comptroller and Auditor-General of India. (2) The accounts of the Trust shall be audited by the Comptroller and Auditor General of India at such intervals as may be specified by him and any expenditure incurred by him in connection with such audit shall be payable by the Trust to the Comptroller and Auditor-General of India. (3) The Comptroller and Auditor-General of India and other person appointed by him in connection with the audit of the accounts of the Trust shall have the same rights, privileges and authority in connection with such audit as the Comptroller and Auditor-General of India generally has in connection with the audit of the Government accounts, and in particular, shall have the right to demand production of books of accounts, connected vouchers and other documents and papers and to inspect any of the offices of the Trust. (4) The accounts of the Trust as certified by the Comptroller, and Auditor-General of India or any other person appointed by him in this behalf, together with the audit report thereon, shall be forwarded annually to the Central Government, which shall cause the same to be laid before each House of Parliament. 80 96 New Provision 68 J. Annual Report: The Governing Body shall prepare every year, in such form and within such time as may be prescribed, an annual report giving a true and full accounts of its activities during the previous financial year and copies thereof shall be forward to the Central Government, which shall cause the same to be laid before each House of Parliament. 97 New Provision 68 K. Authentication of Orders : All orders and decisions of the Board and instrument issued in the name of the Fund shall be authenticated by the signature of the Chairperson, the Chief Executive Officer or any other officer authorized by the Chairperson, in this behalf. 98 New Provision