27. Accounts 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 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
officers 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 State Government before such date as
may be prescribed its audited copy of accounts
together with the auditor's report.
(5) The State Government shall
cause the annual report and auditor's report
to be laid, as soon as may be after they are
received, before the State Legislature.
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