Amendment status not verified — confirm the current text below against the official source.
( 1 ) The Corporation shall maintain books of accounts and other books in relation to the business and transaction in such form, and in such manner, as may be prescribed. ( 2 ) The accounts of the Corporation shall be audited by an Auditor appointed by the State Government, in consultation with the Comptroller and Auditor General of India. ( 3 ) Within nine months from the end of the financial year the Corporation shall send a copy of the accounts audited together with a copy of the report of the Auditor thereon to the State Government. ( 4 ) The State Government shall cause the accounts of the Corporation together with the audit report thereon forwarded to it under sub-section ( 3 ), to be laid before each House of the State Legislature, as far as possible, before the expiry of the year next succeeding the year to which the accounts and the report relate.