Amendment status not verified — confirm the current text below against the official source.
Accounts and audits —(1} The Board shali maintain proper accounts and other relevant records and prepare the annual statement of accounts including the balance sheet in such form as may be approved by the Government. (2) The accounts of the Board shall be audited once in every year and if so required ‘by the Government concurrently with the compilation of such accounts by an auditor appointed by the Government in consultation with the Comptroller and Auditor General of India and any amount payable to-such Auditor by the Board in respect-of such audit shall be debitable to the General Fund of the Board. (3) The Auditor shall have the same rights, privileges and authority in connection with the audit of the accounts of the Board as the Compiroller and Auditor General of India has in connection with the audit of the Government accounts and in particular, shall have the right to demand production of book of accounts, connected vouchers and other documents of the Board.