Amendment status not verified — confirm the current text below against the official source.
Separate accounts shall to be maintained with regard to the contribution as well as disbursement of assistance towards this scheme and same is to be produced before audit. Audit of accounts relating to the fund at batch level shall be conducted by the Auditors of the Co-operative Department conducting the annual audit of institutions concerned and the accounts incorporated in the of each institutions. The accounts kept by the Secretary-Treasurer of the fund shall be audited annually by an Auditor appointed by the Registrar of Co-operative Societies and a report consisting of income and expenditure statement and balance sheet duly certified, furnished to the Secretary-Treasurer of the Board. He will place the report before the Managing Committee within 30 days of its receipt. Copies of the annual accounts of the Board audited and certified by the Auditor shall be submitted by the Secretary-Treasurer to the Government of Kerala every year.