Amendment status not verified — confirm the current text below against the official source.
(1) The Municipal Examiner of Accounts shall- (a) report to the Standing Committee any material impropriety or irregularity which he may at any time observe in the expenditure or in the recovery of money due to the Corporation or in the municipal accounts; (b) furnish to the Standing Committee such information as the said Committee may from time to time require concerning the progress of the audit. (2) The Standing Committee shall cause to be laid before the Corporation every report made by the Municipal Examiner of Accounts to the Standing Committee and every statement of the views of the Municipal Examiner of Accounts on any matter affecting the performance and exercise of the duties and powers assigned to him under this Act which the Municipal Examiner of Accounts may require the Standing Committee to place before the Corporation, together with a report stating what orders, if any, have been passed by the Standing Committee upon Duties and Powers of the Municipal Examiner of Accounts. Report by Examiner of Accounts. 178 [Act No. II of 1956] such report or statement, and the Corporation may take such action in regard to the matters aforesaid as the Corporation may deem necessary. (3) As soon as may be after the commencement of each financial year the Municipal Examiner of Accounts shall deliver to the Standing Committee a report upon the whole of the municipal accounts for the previous financial year. (4) The Commissioner shall cause the said report to be printed and a copy thereof forwarded to each #[Member] along with the printed copy of Administration Report and Statement of Accounts referred to in section 180. 238[196. The Accounts of the Municipal Corporation shall be audited by the Director of State Audit, or by any officer nominated by him and a certificate of the accounts as audited shall be issued by the end of October every year duly marking a copy thereof to the Government and also to the Accountant General: Provided that the Government may, at any time, for reasons to be recorded in writing appoint an Auditor for the purpose of making a special audit of the accounts and to report to the Government thereon.] 239[196A. (1) The Finance Commission constituted by the Governor in pursuance of article 243-I of the Constitution shall also review the financial position of the Corporation and make recommendations to the Government as to,- (a) the principles which should govern,- (i) the distribution between the State and the Corporation of the net proceeds of the taxes, duties, tolls