Amendment status not verified — confirm the current text below against the official source.
Deposit of Fund and pit cing of accounts and audit report before S/ate Legis/aiure.-( I) All moneys and kccipts forming part of the Fund shall, with the previous sanction oithe Governmeit, be deposited in the State Bank of India constituted under the State Bank of lndiaAcçI955 (Central Act 23 of 1955) or in any subsidiary bank within the meaning of clause (k) of section 2 of the State Bank of India (Subsidiary Banks) Act, 1959 (Central Act 38 df 1959) or in any corresponding new bank as defined in the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970 (Central Act 5 of 1970), or in any District Fooperative Bank or in the Treasury Savings Bank, and such account shall be operated upon by such officers of the Board as may be authorised by the Board and in such manner as may be! Prescribed. The Accounts of the Board. as certified by the auditor, together with the audit report thereon, shall be forwarded yearly to the Government and the Government may issue such instructions to the l3oarél in respect thereof as they deem fit and the Board shall eonip ly w t Ii such instruct ons, The Government shall cause the accounts of the Board together with the audit report thereon forwarded to theM tinder sub-section (2) to be laid yearly before the Legislative Assembly of the State