Amendment status not verified — confirm the current text below against the official source.
(1) The authority shall cause to be maintained proper books of accounts in such form, and in such manner, as,may be prescribed. (2) The accounts of the authority shall be audited by the Auditor appointed by the State Government in this behalf at such time, and in such manner, as may be prescribed. Authority to act on 21. It shall be the general principle of the authority that in carrying on its business princi- ples. Supersession of authority. undertakings it shall act on business principles.