Amendment status not verified — confirm the current text below against the official source.
Audited accounts to be submitted: (I) The Chief Executive Officer/Executive Officer of the Municipality shall, after adoption of the financial statement and the balance sheet and the report of the Audit Authority forward the same to the Government together with a report of the action taken thereon by the Municipality and shall also send copies thereof to the Audit Authority. (2) If there is any difference of opinion between the Audit Authority and the Municipality or if the Municipality does not remedy the defects or irregularities pointed out in the report of the Audit Authority within a reasonable period, the Audit Authority shall refer the matter to the Government whose decision shall be final and binding. II ••I III It I.. 52