As enactedVersion · As enacted
12. Accounts and Audit
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(1)
The Board shall cause proper books of accounts to be kept of the income and expenditure, assets and liabilities and all other transactions of the Fund.
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(2)
The income and expenditure accounts and the balance sheet shall be signed by two members of the Board authorised to do so by a resolution passed by the Board.
(3)
The financial year of the Board shall be the calender year.
(4)
The provisions of Article 154 of the Constitution shall apply to the audit of the accounts of the Fund.