Amendment status not verified — confirm the current text below against the official source.
(1) Thc Board shall mainlain a propcr accoun! of every sinking cxaminaion ocainl;ing fund established under section 107 and evcry such fund shall be subjecl ru~lds. lo annual examination by [he Accounrant-Gencral, West Bengal, who shall ascer~ain whether rhe cash and the current value of the securities 3t credit of such funds are acrually equal to the amount which would havc accumula~cd had invcsrmenls been regularly made and had the rate of intercsl as originally cslimnred been oblained rhzrefrom. (2) The Board shall forthwith pay into any sinking fund any amnunt which rhc Accounlant-General, Wes~ Bengal, may cerriiy lo be deficicnr, unlcss thc Slate Government specially sanction a gradual readjuslment: Providcd that not withstanding the exislence of a deficiency in any sinking fund he Accountant-Gencral, Wcst Bengal, shall no1 ceniry rhe deficiency if the cash and the current value of all h c sccurities in all thc sinking funds at [he time of the examination are equal to the amount mcntioncd in sub-scction (1). ~ r w d u r t l f