Amendment status not verified — confirm the current text below against the official source.
ACCOUNTS AND AUDIT.— (1) The Municipality shall maintain its accounts and other books connected with the accounts in the manner and form as prescribed and shall enter the receipt and expenditure accounts forthwith in such books. (2) The responsibility to maintain or cause to maintain the accounts and the connected books of the Municipality in the manner and form as prescribed and to submit or cause to submit such accounts to the Local Fund Examiner for conducting audit in the time shall west with the Secretary. (3) The Examiner of Local Fund Accounts and his nominees shall be the auditors of the Municipality. (4) The auditors shall maintain a continuous audit of the accounts of the Municipality and shall, after completing the audit for a year or for any shorter period or for any transaction or series of transactions, send a report to the Municipality concerned and a copy thereof to Government. 67.Section 289 renumbered as sub-section (1) of that section and added sub-section (2) by Act 14 of 1999, w.e.f. 24-3-1999. 68.Substituted for the words by Act 14 of1999, w.e.f. 24-3-1999.