Amendment status not verified — confirm the current text below against the official source.
(1) The General Manager shall prepare an annual financial statement in such form as may be provided by regula- tions and submit the same to the Board within six months after the expiry of each financial year. (2). Thd annual financial statement shall give a true and faithful account of the income and expenditure during the previous financial year, including the progressive totals since the inception of the Authority and indicating the up-to-date financial position.