(1) The budget of the Commission shall be prepared before 30th November of the every year and be submitted in duplicate to the Government for approval during the first week of December of each year.
(2) The statement of accounts regarding the receipt of budgetary grants and the statement of accounts of expenditure in respect of the budgetary grants in respect of each financial year and all accounts of the Commission shall be maintained in accordance with the instructions of the Government from time to time.
(3) The accounts of the Commission shall be audited during the year by the Accountant General in Karnataka.
(4) The Annual report of the Commission shall be prepared and forwarded to the Government, within three months from the date of completion of financial year giving complete accounts of its activities during the previous year, as required under section 15 of the Act, to the Government. The Government may lay the same before each house of the legislature.
(5) As soon as may be, after receipt of the report of the auditor, the Commission shall send a copy of the annual statement of accounts together with a report of the auditor of the Government to lay the same before each house of Legislature.
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