Amendment status not verified — confirm the current text below against the official source.
(l) All sums realised. by way of penalties. imposed by the Appellate Tribunal or the Authority, in the Union territoties. shall be credited to the Consolidated Fund of India, (2) All sums realised. by way?! penalties imposed by the A ‘ . . . pplellate Tribunal . Authority. in a State. shall be credited to such account as the State or the specify. Government may Scanned by CamScanner Factors to be taken into account by the adjudicating officer. Grants and loans by Central Government. Grants and loans by State Government. Constitution of Fund. Crediting films Mined by My of Penalties to Consolidated Fund of lndi. or State “count. (2) The accounts of the Authori General ofIndia at such intervals as m connection with such audit shall General of India. ty shall be audited by the Comptroller and Auditor- ay be specrfied by him and any expenditure incurred in be payable by theAuthority to the Comptroller and Auditor- _ (3) The Comptroller andAuditor-General and any person appointed by him in connection with the audit of the accounts of the Authority under this Act shall have the same rights and pnvrleges and authority in connection with such audit as the Comptroller and Auditor- General generally has in connection with the audit of Government accounts and. in particular shall have the right to demand and production of books, accounts, connected vouchers and other documents and papers, and to inspect any of the offices of the Authority. (4) The accounts of the Authority, as certified by the Comptroller and Auditor-General of India or any other person appointed by him in this behalf, together with the audit report thereon shall be forwarded annually to the appropriate Government by the Authority and the appropriate Goverrunent shall cause the audit report to be laid, as soon as may be after it is received, before each House ofParliament or, as the case may be, before the State Legislature or the Union territory Legislature, where it consists of two Houses, or where such legislature . consists of one House, before the House. 1 Annual . (I) The Authority shall prepare once in every year, in such form and at such time as l report. may be prescribed by the appropriate Government,— (a) a description of all the activities of the Authority for the previous year; (b) the annual accounts for the previous year; and (c) the programmes of work for the coming year. (2) A copy of the report received under sub-section (1) shall be laid, as soon as may be after it is received, before each House of Parliament or, as the case may be, before the State Legislature or the Union Territory Legislature, where it consists of two Houses, or where such legislature consists of one House, before that House. CHAPTERX MISCELLANEOUS Bar of