Amendment status not verified — confirm the current text below against the official source.
(1) The Council shall cause to be maintained such books of account and other books in relation to its accounts in such form and in such manner as may be prescribed. (2) The Council shall, as soon as may be after closing its annual accounts, prepare a statement of accounts in such form, and forward the same to the Government by such date, as the Government may determine. (3) The accounts of the Council shall be audited by such authority, at such times and in such manner as may be prescribed. (4) The annual accounts of the Council together with the audit report thereon shall be forwarded to the Government and the Government shall cause the same to be laid before the 9Legislature of the State and shall also forward a copy of the Audit report to the Council for taking suitable action on the matters arising out of the audit report.