(1) The Commission shall maintain proper accounts and other relevant records and prepare an annual statement of accounts in such form as may be prescribed in consultation with the Accountant General.
(2) The accounts of the Commission shall be audited annually by the Ac.countant General and any expenditure incurred in respect of such audit shall be paid by the Commission to the Accountant General.
(3) The Accountant General and any person appointed by him in connection with the audit of accounts of the Commission under this Act shall have the same rights and privileges as the Accountant General generally has in connection with the audit of Government accounts and, in particular shall have the right to demand the production of books, accounts, connected vouchers and other documents and papers and to inspect the office of the Commission.
(4) The accounts of the Commission, as certified by the Accountant General or any other person appointed by him in this behalf, together with the audit report thereon, shall be forwarded annually to the Government by the Commission and the Government shall lay the report within a period of six months from the date of its receipt before the Legislative Assembly.