Amendment status not verified — confirm the current text below against the official source.
Accounts and audit.—(1) The Board shall cause proper accounts and other records in relation thereto to be kept, including the proper system of internal check and prepare an annual statement of accounts, including the income and expenditure account and the balance sheet in such form as may be prescribed by 1[regulations]1 2[x x x]2. (2) The accounts of the Board shall be audited by 3[such auditors as may be appointed by the Government]3 and any expenditure incurred 2[x x x]2 in connection with such audit shall be payable by the Board 2[x x x]2. (3) The 3[auditor appointed by the Government]3 shall have the same rights, privileges and authority in connection with such audit as the Comptroller and Auditor-General of India has in connection with the audit of Government accounts and in particular shall have the right to demand the production of books, accounts, connected vouchers and other documents and papers, and to inspect any of the offices of the Board. (4) The accounts of the Board as certified by the 3[auditor]3 together with the audit report thereon shall be forwarded annually to the State Government and the State Government may issue such instructions to the Board in respect thereof as it deems fit and the Board shall comply with such instructions. (5) The State Government shall,— (a) cause the accounts of the Board together with the audit report thereon forwarded to it under sub-section (4) to be laid annually before the State Legislature; and (b) cause the accounts of the Board to be published in the manner prescribed by 1[regulations]1 and make available copies thereof on sale at a reasonable price. 1.Substituted by Act 6 of 1966 w.e.f. 17.3.1966. 2.Omitted by Act 18 of 1984 w.e.f. 21.4.1984..