We heard you! Soon we are bringing you the biggest update yet with Updated & New acts, all Central and State acts, the Constitution of India, and a dedicated Mobile App! 🚀
(1) The National Authority shall maintain proper
accounts and other relevant records and prepare an annual statement of accounts in such form as may be
prescribed in consultation with the Comptroller and Auditor-General of India.
(2) The accounts of the National Authority shall be audited by the Comptroller and Auditor-General
of India at such intervals as may be specified by him and any expenditure incurred in connection with
such audit shall be payable by the National Authority to the Comptroller and Auditor-General.
(3) The Comptroller and Auditor-General and any other person appointed by him in connection with
the audit of the accounts of the National Authority shall have the same right and privileges and authority
in connection with such audit as the Comptroller and Auditor-General generally 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 office of the
National Authority.
(4) The accounts of the National Authority 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 National Authority.
(5) The Comptroller and Auditor-General shall, within a period of six months from the date of
commencement of the Act, audit the accounts of the all monies collected by the State Governments and
Union territory Administrations, which has been placed under the ad hoc Authority and deposited in the
nationalised banks and submit the report to the Central Government under this section.
(6) The Central Government shall have the power to conduct the special audit or performance audit of
the National Fund and of the National Authority through the Comptroller and Auditor- General.
Download our fully-offline, High speed android app.- Click here