(1) (a) There shall be a fund to be known as the “Regulatory' Authority Fund” vested in the Regulatory Authority which shall be utilised by the Regulatory Authority io meet all expenditure in connection with their functions under this Act. Ihe Regulatory Authority Fund shall be drawn from and comprise of,-
(i) Consolidated Fund of the State of Assam;
(ii) grants made by the Government;
(iii) loans obtained from the Government; and
(iv) revenues generated by the Regulatory Authority.
Bankers of the Regulatory Authority.
Audit of Accounts. -
(b) The expenditure of the Regulatory Authority' shall be borne out of the Consolidated Fund of the State of Assam, and through the revenues generated by the Regulatory Authority itself.
(c) The Regulatory Authority shall prepare and submit its annual budget along with utilization plans to the State Government tw'o months before the expiry of the financial year for the following financial year in such a manner as may be prescribed by the Slate Government and the State Government shall dispose of the same within two months of the receipt thereof.
(d) The Regulatory Authority shall prescribe and levy reasonable fees and collect the same for the services rendered, documents issued, licenses granted or information provided by it.
(e) '[’he schedule of fees prescribed from time to time shall be published, placed in the public domain, displayed prominently in the offices of the Regulatory Authority and given wide publicity.
20. The Bankers of the Regulatory' Authority shall be any Scheduled Commercial Bank as may be determined by the Regulatory Authority.
21. (I) All accounts of receipts and expenditure of the Regulatory Authority shall be maintained in the manner prescribed by the State Government.
(2) The Accounts of the Regulatory Authority shall be audited annually by a Chartered Accountant duly appointed for the said purpose by the Regulatory' Authority.
(3) The result of Audit shall be subject to the scrutiny of the Accountant General of the State of Assam.
THE ASSAM GAZETTE, EXTRAORDINARY, DECEMBER 10, 2018 Annual Report Design construction and survey of new vessels.
Safety of existing vessels.
Design, construction and materials of Vessels.
Registration of all Vessels.
Knowledge and skill of the vessel operators, 3785
(4) The result of Audit shall be communicated by the Auditor to the Regulatory Authority through the Member Secretary of the Regulatory Authority, who shall submit a copy of the Audit Report along with its observations to the State Government through the Finance Department.