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(1) The Commission shall maintain proper accounts
and other relevant records and prepare an annual statement of accounts in such form as may be
prescribed by the Central Government in consultation with the Comptroller and Auditor-General of
India.
(2) The accounts of the Commission shall be audited by the Comptroller and Auditor-General at
such intervals as may be specified by him and any expenditure incurred in connection with such audit
shall be payable by the Commission to the Comptroller and Auditor-General.
(3) The Comptroller and Auditor-General and any person appointed by him in connection with the
audit of the accounts of the Commission under this Act shall, have the same rights and privileges and
the authority in connection with such audit as the Comptroller and Auditor-General generally has in
connection with the audit of 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
any of the offices of the Commission.
(4) The accounts of the Commission as certified by the Comptroller and Auditor-General or any
other person appointed by him in this behalf, together with the audit report thereon shall be forwarded
annually to the Central Government by the Commission and the Central Government shall cause the
audit report to be laid, as soon as may be after it is received, before each House of Parliament.
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