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47. Audit of accounts of 1[auqaf].--- (1) The accounts of 1[auqaf] submitted to the Board under
section 46 shall be audited and examined in the following manner, namely:---
(a) in the case of a
2[waqf] having no income or a net annual income not exceeding
3[one lakh rupees], the submission of a statement of accounts shall be a sufficient compliance with the
provisions of section 46 and the accounts of two per cent. of such 1[auqaf] shall be audited annually
by an auditor appointed by the Board 4[from out of the panel of auditors prepared by the State
Government:
Provided that the State Government shall, while preparing such panel of auditors, specify the
remuneration to be paid to such auditors]
5[(b) the accounts of the waqf having net annual income exceeding one lakh rupees shall be
audited annually, by an auditor appointed by the Board from out of the panel of auditors as specified
in clause (a);]
(c) the State Government may, 6[under intimation to the Board,] at any time cause the account of
any2[waqf] audited by the State Examiner of Local Funds or by any other officer designated for that
purpose by that State Government:
4[Provided that the Central Government may, by order, direct the audit of any waqf at any time by
an auditor appointed by the Comptroller and Auditor-General of India, or by any officer designated
by the Central Government for that purpose.]
(2) The auditor shall submit his report to the Board and the report of the auditor shall among other
things, specify all cases of irregular, illegal or improper expenditure or of failure to recover money or
other property caused by neglect or misconduct and any other matter which the auditor considers it
necessary to report; and the report shall also contain the name of any person who, in the opinion of the
auditor, is responsible for such expenditure or failure and the auditor shall in every such case certify the
amount of such expenditure or loss as due from such person.
4[(2A) On receipt of the report under sub-section (2), the Board shall publish the audit report in such
manner as may be prescribed by the Central Government.]
(3) The cost of the audit of the accounts of a 2[waqf] shall be met from the funds of that 2[waqf].
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1. Subs. by Act 27 of 2013, s. 4, for "wakfs" (w.e.f. 1-11-2013).
2. Subs. by s. 4, ibid., for "wakf" (w.e.f. 1-11-2013).
3. Subs. by s. 28, ibid., for "ten thousand rupees" (w.e.f. 1-11-2013).
4. Ins. by Act 27 of 2013, s. 28 (w.e.f. 1-11-2013).
5. Subs. by s. 4, ibid., for "wakf" (w.e.f. 1-11-2013).
6. Subs. by s. 4, ibid., for "wakfs" (w.e.f. 1-11-2013).
7. Subs. by s. 28, ibid., for "more than ten thousand rupees but less than fifteen thousand rupees" (w.e.f. 1-11-2013).