Amendment status not verified — confirm the current text below against the official source.
(a) One such Senior Account Officer shall be appointed from the Finance and Accounts services by the State Government who shall be responsible for appropriate accounts and other relating record of the institution. He shall also prepare annual statement and balance sheet and conduct other financial work of accounts. (b) The audit of the account of the Institution shall be done annually by the Auditors appointed with the permission of the State Government. CHAPTER-V Miscellaneous Annual Report