Lawgist18Accounts and audit
(1) 1[Every Institute] shall maintain proper accounts and other relevant records and prepare an annual statement of accounts, including the balance-sheet in such form as the Central Government may by rules prescribe in consultation with the Comptroller and Auditor-General of India.
(2) The accounts of 2[every Institute] shall be audited by the Comptroller and Auditor-General of India and any expenditure incurred by him in connection with such audit shall be payable by 2[every Institute] to the Comptroller and Auditor General of India.
(3) The Comptroller and Auditor-General of India and any person appointed by him in connection with the audit of the accounts of 2[every Institute] shall have the same rights, privileges and authority in connection with such audit as the Comptroller General of India has in connection with the audit of the Government accounts and, in particular, shall have the right to demand the production of books, accounts, connected vouchers and other documents and papers and to inspect the offices of 2[every Institute] as well as of the institutions established and maintained by it.
(4) The accounts of 2[every Institute] 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 Central Government and that Government shall cause the same to be laid before both Houses of Parliament.
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1 Subs. by s. 19, ibid., for "The Institute" (w.e.f. 16-7-2012).
2 Subs. by Act 37 of 2012, s. 19, for "the Institute" (w.e.f. 16-7-2012).
- 1 Short title and commencement
- 2 Definitions
- 3 Establishment and incorporation of the Institute
- 4 Composition of the Institute
- 5 Declaration of Institutes as institution of national importance
- 6 Term of office of, and vacancies among, members
- 7 President of the Institute
- 8 Allowances of President and members
- 9 Meetings of the Institute
- 10 Governing Body and other Committees of the Institute
- 11 Staff of the Institute
- 12 Location of the Institute
- 13 Objects of the Institute
- 14 Functions of the Institute
- 15 Payment to the Institute
- 16 Fund of the Institute
- 17 Budget of the Institute
- 18 Accounts and audit
- 19 Annual Report
- 20 Pension and provident funds
- 21 Authentication of the orders and instruments of the Institute
- 22 Acts and proceedings not to be invalidated by vacancies, etc
- 23 Recognition of Medical, dental and nursing qualifications granted by the Institute
- 24 Grant of medical, dental or nursing degrees, diplomas, etc., by the Institute
- 25 Control by Central Government
- 26 Disputes between the Institute and the Central Government
- 27 Returns and information
- 27A Incorporation of Institute registered as society under the Societies Registration Act, 1860
- 27B Effect of incorporation of Institutes
- 27C Provisions of this Act to apply to societies incorporated into All-India Institutes of Medical Science under section 27A
- 27D Power to make transitory provisions for Institutes (other than existing Institute)
- 28 Power to make rules
- 29 Power to make regulations
