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CHAPTER
IV
FINANCE,
ACCOUNTS AND AUDIT
12.
Grants by the Central Government –
(1)
The Central Government shall, after due appropriation
made by Parliament by law in this behalf, pay to the
Commission by way grants such sums of money as the Central
Government may think fit for being utilised for the
purposes of this Act.
(2)
The Commission may spend such sums as it thinks fit
for performing the functions under this Act, and such
sums shall be treated as expenditure payable out of
the grants referred to in sub-section (1).
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Accounts
and audit –
(1)
The Commission 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 accounts of the Commission shall be audited by the
Comptroller and Auditor-General at such intervals as
may be specified by him and any expenditure incurred
in connection with such audit shall be payable by the
Commission to the Comptroller and Auditor-General.
(3)
The Comptroller and Auditor-General and any person appointed
by him in connection with the audit of the accounts
of the Commission under this Act shall have the same
rights and privileges and the authority in connection
with such audit as the Comptroller and Auditor General
generally has in connection with the audit of 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 Commission
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Annual
report – The Commission shall prepare, in such form
and at such time, for each financial year, as may be
prescribed, its annual report giving a full account
of its activities during the previous financial year
and forward a copy thereof to the Central Government.
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Annual
report and audit report to be laid before Parliament
– The Central Government shall cause the annual report,
together with a memorandum of action taken on the advice
tendered by the Commission under section 9 and the reasons
for the non-acceptance, if any, of any such advice,
and the audit report to be laid as soon as may be after
they are received before each House of Parliament.
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