Lawgist13Accounts and audit
(1) The Board 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 Comptroller and Auditor-General of India or any other person appointed by him in connection with the auditing of the accounts of the Board under this Act shall have the same rights and privileges and the authority in connection with such audit as the Comptroller and Auditor-General of India has in connection with the auditing 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 any of the offices of the Board under this Act.
(3) The accounts of the Board shall be audited by the Comptroller and Auditor-General of India annually and any expenditure incurred in connection with such audit shall be payable by the Board to the Comptroller and Auditor-General of India.
(4) The Board shall furnish to the Central Government before such date as may be prescribed its audited copy of accounts together with auditor's report.
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- 1 Short title and commencement
- 2 Definitions
- 3 Constitution and incorporation of the Board
- 4 Secretary and other officers and employees of the Board
- 5 Committees of the Board
- 6 Functions of the Board
- 7 Application for grant of financial assistance, etc
- 8 Grants and loans by the Central Government
- 9 Fund for Technology Development and Application
- 10 Transfer of money receipts and liabilities
- 11 Budget
- 12 Annual report
- 13 Accounts and audit
- 14 Annual report and auditor’s report to be laid before Parliament
- 15 Returns to be furnished to the Board
- 16 Power of the Central Government to issue directions
- 17 Power of Central Government to supersede the Board
- 18 Delegation
- 19 Members, officers and employees of the Board to be public servants
- 20 Protection of action taken in good faith
- 21 Power of Central Government to make rules
- 22 Power of Board to make regulations
- 23 Rules and regulations to be laid before Parliament
