Lawgist.Download the App Now!
Get our Android app for fast and offline Access.
36.1) The account of the Authority shall be prepared and maintained in such from and manner as may be prescribed. (2) The Authority shall cause to be prepared for each financial year an annual statement of accounts in such form as may be prescribed. (3) The accounts of the Authority shall be audited by an auditor duly qualified to act as an auditor of companies under section 226 of the Companies Act, 1956. (4) The said auditor shall be appointed by the Authority. (5) Every auditor appointed to audit the accounts of the Authority under this Act shall have a right to demand the production of books of accounts, connected vouchers and other documents and papers, to inspect the offices of the Authority and to require such information from the Authority as he may think necessary for performance of his duty as an auditor. (6) The auditor shall send a copy of his report together with an audited copy of accounts to the Authority which shall, as soon as may be after the receipt of the audit report, forward the same to the State Government. (7) The State Government shall, as soon as may be after the receipt of the audit report under sub-section (6), cause the same to be laid before the State Legislature.
<b>36.</b><span style="margin-left:15px;"></span><span style="margin-left:15px;"></span>1) The account of the Authority shall be prepared and maintained in such from and manner as may be prescribed. <br> <span style="margin-left:15px;"></span><span style="margin-left:15px;"></span>(2) The Authority shall cause to be prepared for each financial year an annual statement of accounts in such form as may be prescribed. <br> <span style="margin-left:15px;"></span><span style="margin-left:15px;"></span>(3) The accounts of the Authority shall be audited by an auditor duly qualified to act as an auditor of companies under section 226 of the Companies Act, 1956. <br> <span style="margin-left:15px;"></span><span style="margin-left:15px;"></span>(4) The said auditor shall be appointed by the Authority. <br> <span style="margin-left:15px;"></span><span style="margin-left:15px;"></span>(5) Every auditor appointed to audit the accounts of the Authority under this Act shall have a right to demand the production of books of accounts, connected vouchers and other documents and papers, to inspect the offices of the Authority and to require such information from the Authority as he may think necessary for performance of his duty as an auditor. <br> <span style="margin-left:15px;"></span><span style="margin-left:15px;"></span>(6) The auditor shall send a copy of his report together with an audited copy of accounts to the Authority which shall, as soon as may be after the receipt of the audit report, forward the same to the State Government. <br> <span style="margin-left:15px;"></span><span style="margin-left:15px;"></span>(7) The State Government shall, as soon as may be after the receipt of the audit report under sub-section (6), cause the same to be laid before the State Legislature. <br> <br>