Amendment status not verified — confirm the current text below against the official source.
(1) The audit of the accounts of a panchayat shall, be carried out under the provisions of the Gujarat Loacal Fund Audit Act, 1963 and a copy of the audit note shall be forwarded to the panchayat and to the taluka panchayat within one month of the completion of the audit. 1[(1A) Notwithstanding anything contained in sub-section (1), the state Government shall entrust the Comptroller and Auditor General of India the technical guidance and supervision over the audit of the village panchayat. (1B) The State Government shall cause the audit report under the Gujarat Local Fund Audit Act, 1963 referred to in sub-section (1) alongwith the report of the Comptroller and Auditor General of India on technical guidance and supervision as referred to in sub- section (1A), to be laid before the State Legislature.] (2) On receipt of the audit note referred to in sub-section (1) the panchayat shall, either remedy any defects or irregularities which may have been pointed out in the audit note and send to the taluka panchayat within three months an intimation of its having done so, or shall, with in the said period supply any further explanation in regard to such defects or irregularities as it may wish to give. (3) On receipt of such intimation or explanation, the taluka panchayat may, in respect of all or any of the matters discussed in the audit note, —