The trustees shall comply with all such directions as may be given by the Bank for the proper functioning of the Fund.
Provided that all such direction shall be given in writing and shall specify the purpose or objective 14.
10. Books of accounts of the Fund;-
(1) The accounts of the Fund, shall contain the particulars of all financial transactions relating to the Fund in such form as may be specified by the Bank.
(2) Within sixty days from the date of publication of the Balance Sheet of the Bank, the trust shall prepare a financial statement of the trust indicating therein the general account of assets and liabilities of the trust and forward a copy of the same to the Bank 8.
(3) The accounts of the Fund shall be audited in accordance with the provisions of section 10 of the Act.
____________________________________________ 13 Inserted w.e.f. 20.11.2010 Ref. HO Circular 13/2011 dated 11.01.2011 14 Inserted w.e.f. 20.11.2010 Ref. HO Circular 13/2011 dated 11.01.2011 8 Amended w.e.f. 20.11.2010 Ref. HO Circular 13/2011 dated 11.01.2011 13