Amendment status not verified — confirm the current text below against the official source.
The grantee shall maintain a separate account in respect of the grant. The accounts shall remain open for inspection to the representative of the Department/Government including the Controller and Auditor General of India. At the end of the year, the organization shall get the accounts of the grants duly audited and supply copies of the following accounts in respect of the grants sanctioned:- (a) the Receipt and Payments Accounts; (b) the Income and Expenditure Accounts; (c) the Balance Sheet (d) utilization certificate; and (e) Consolidated accounts of the organization as a whole indicating receipt and payment and income and expenditure of all projects. 21 The organization shall maintain a register in the Form GFR 19 of permanent and q semi-permanent assets acquired, wholly or mainly, out of the grant. The register. shall remain open for inspection to the representative of the Department/Government. The register shall be maintained separately in respect of the grant and a copy thereof furnished to the Government along with the audited accounts. 22 All grants shall be subject to the General Financial Rules, 2005 as amended from time to time and shall also be subject to audit by the Comptroller and Auditor General of India/Directorate of Internal Audit of Government of NCT of Delhi/Internal Audit of Social Welfare Department/Women and Child Development Department, as the case may be. The cost of such audit shall be borne by the institution concerned.