Budget, accounts and audit
– (1) The Authority shall maintain proper accounts of its
funds and other relevant records. At the end of each financial year, the Authority shall prepare a
budget and an annual statement of accounts. The annual statement of accounts shall be prepared in
Form-P.
21
(2) The Authority shall preserve the accounts and other relevant records prepared under
sub-rule (1) for a minimum period of five years.
(3) The accounts and other relevant records prepared under sub-rule (1) shall be signed by
the Chairperson, Members, Secretary and the Officer in-charge of Finance and Accounts.
38. Annual Report.- (1)The Authority shall prepare, immediately after the end of the
calendar year, its annual report in Form-Q.
(2) In addition to matters specified in section 78, the Authority may include in its Annual
Report such other matters as it deems fit.
(3) The annual report shall, after adoption at a meeting of the Authority and singed by the
Chairperson and Members and authenticated by affixing the common seal of the Authority, with
requisite number of copies thereof, be submitted to the State Government within a period of one
hundred and eighty days immediately following the close of the year for which it has been
prepared.
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