Amendment status not verified — confirm the current text below against the official source.
Accounts to be kept in forms prescribed by 12[Standing Committee].— 13[Subject to the provisions of Chapter XVI-A of this Act] accounts of the receipts and expenditure of the corporation shall be kept in such manner and in such forms as the 14[Standing Committee] shall from time to time prescribe: 15[Provided that, the accounts of the Water and Sewage Fund and the Consolidated Water Supply and Sewage Disposal Loan Fund shall be maintained on the accrual basis, unless otherwise prescribed by the 16[Standing Committee]. 17[123A. Separate pro-forma accounts to be kept by the Commissioner.— (1) There shall be kept by the Commissioner under a separate heading in the municipal accounts, accounts of all the 1 The word “previous” was inserted by Bom. 19 of 1936, s. 9. 2 Portion repealed by Bom. 3 of 1907, s. 19. 3 Portion repealed by Bom. 3 of 1907, s. 19. 4 This section was substituted for the original section 122 by Bom. I of 1894, s. 5. 5 These words were substituted for the words “the Bank of Bombay” by Mah. 10 of 1998, s. 66(a). 6 These words were inserted by Mah. 7 of 1986, s. 2. 7 These words were added by Mah. 32 of 2011, s. 13 8 These words were substituted for the words “Mayor-in-Council” by Mah. 27 of 1999, s. 52. 9 These words were substituted for the words “Mayor-in-Council” by Mah. 27 of 1999, s. 52. 10 These words were substituted for the words “Mayor-in-Council” by Mah. 27 of 1999, s. 52. 11 These words were substituted for the words “by three persons” by Mah. 10 of 1998, s. 66(c)(ii). 12 These words were substituted for the words “Mayor-in-Council” by Mah. 27 of 1999, s. 53. 13 This portion was inserted by Bom. 48 of 1948, s. 25. 14 These words were substituted for the words “Mayor-in-Council” by Mah. 27 of 1999, s. 52. 15 This proviso was added by Mah. 34 of 1973, s. 10. 16 These words were substituted for the words “Mayor-in-Council” by Mah. 27 of 1999, s. 53. 17 New section 123A was inserted by Bom. 13 of 1933, s. 30. 1888 : III] The Mumbai Municipal Corporation Act 171 property vested or vesting in the corporation and of all receipts and expenditure of the corporation on accounts of the transfer to them of the powers, duties, assets and liabilities of the Board of Trustees constituted under the City of Bombay Improvement Trust Transfer Act, 1925 (Bom. XVI of 1925), 1[and of all property acquired by, and of all receipts and expenditure of, the Corporation for any of the purposes of Chapter XII-A]. (2) Such accounts shall be maintained so far as may be, in such manner and in such forms as the 2[Standing Committee] shall from time to time prescribe in accordance with the rules contained in Schedule BB. (3) The Commissioner shall publish such accounts in the 3[Offlcial Gazette] every 4[*] year.]