Amendment status not verified — confirm the current text below against the official source.
Accounts and audit.—(1) Every society shall maintain proper accounts and other relevant records and prepare an annual statement of accounts in such form as may be prescribed in consultation with the Examiner of Local Fund Accounts. (2) The accounts of each society shall be audited by the Examiner of Local Fund Accounts at such intervals as may be specified by him. (3) The Examiner of Local Fund Accounts and any person appointed by him in connection with the audit of the accounts of the societies shall have such rights and privileges as may be prescribed. (4) No contribution shall be recovered by the Government from the societies towards the pay and allowances of any person appointed in connection with the audit of the accounts of the societies or towards any other expenditure involved in such audit. (5) The accounts of each society as certified by the Examiner of Local Fund Accounts together with the Audit Report thereon shall be forwarded annually to the Government.