Amendment status not verified — confirm the current text below against the official source.
The Board shall. create a depreciation reserve and make annual provision meme. tkei=f$i. in acco@ihq.:wilb such prihciplcs as may be presclibed. . - - , , , . ,, . . , . . . , - . ,i . - , . . ' GoYemmenr. 34 - he State Government may guarantee the repaymeet of a p y loanz and Guaranter payment of interest on all or any of the loans given or transferred to -the Board for the purposes of this Act. . . - , , , - . : b - ~ocounts 35: (1) The Bdard :shall; before the commencement ;of, and : may at any time ad Audit. during: a ,finahcia1 yaer;: prepate a , statement, or a suppIemesrw y. .statement, , as the 'case, ,may: be, of the: programme ,of. its activities during that .year asf well as a hancial estimate in respect thereof and the. same, shaIl be submiltcd to the . State Government in such form and by such dates as the State Governmcnr may, by general or spwiel .order direct, for the previous approval of the, State Government : , - . , , . . Provided that i n the event df ,' such :previous appr~vaI'~not being rkceived EKfore the cpmmencement of the financial year for which such financial. statement has h a subm~tled, the Board shall be entitled to expend on all accounls up to an amount not exceeding the amount approved for the corresponding period of the previous financial year and such amount shaI1: not, include any sum spent out of the grants on subventions during the said period. . I .; - ,! , : ,;, c, ,- ,' , . I.- - :, . . (21 The Board shall t~ be maintained such proper books of account and other books in relation to . its ,acounts and' prepare the balance sheet in such .., for - ' , and manner as to regulations *may require. , , (31 The accounts of tbc Board' kha11 be audited by such - Audit~r, . in such mannet and at such times, as the Slate Government may by general or spectal order direct. Thc; Auditor so appbinted shall have such powers of requiring thc production of doc~,mcnts and the furnishing of infdrmktion respecting such matters, and shaIl have such powers in respect of disallowante and surcharge as may .be prescribed. '(4) The accounts of the Board as certified by the Auditor together with lhe audit report thereqn shaII be forwarded annually to the State Government who may issue such .directions to the Board as: it ,may deem fit and,. the Board shall comply with such direclions. m , . . , . . , (5) The ~kfe~overnment'shsll &USF the account$ ofthe Board t o be published . . . in such manner as it thinks fit. , , . , CHAPTER v F ~ E S AND CHARGES . cost of