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7. The Committee of Management to cause proper books of accounts to be kept

Official English translation. Where it differs from the Sinhala or Tamil text, the Act itself says which text prevails.

(1)

The Committee of Management shall cause proper books of accounts to be kept of the income and expenditure, assets and liabilities and all other transactions of the Corporation.

(2)

The financial year of the Corporation shall be the calendar year.

(3)

The Accounts of the Corporation shall be audited by qualified Auditors.

(4)

In this Act unless the context otherwise requires

“qualified Auditor” shall have the same meaning as in

Article 154(8) of the Constitution.