Amendment status not verified — confirm the current text below against the official source.
Power to write off irrecoverable sums.- Subject to such restrictions as may be prescribed a municipality may write off any sum due to it, if in its opinion, such sum is irrecoverable : Provided that no sum exceeding one thousand rupees shall be written off except with the previous sanction of the Director. 255.Audit of accounts. - (1) The accounts of the municipality fund shall be audited by a separate and independent audit agency 1[xxxxxxxxxxx] and audit agency shall, for the purpose of audit have access to all the accounts and other records of the municipality. (2) The audit agency shall within one month of the completion of the audit forward the copy of the audit note to the municipality and on receipt of the said report, the municipality shall, as soon as may be, remedy defects or irregularities, if any, pointed out in the report and shall forward without delay to the State Government through the Deputy Commissioner and the Director, so many copies of the said report as may be required by the State Government with a brief statement of the action, if any, taken or proposed to be taken thereon.