(1) The 1[State Town and Country Planning Committee], the District Planning Committees, the Metropolitan Planning Committees, the Development Authorities, the Municipal Corporations, the Municipal Councils, the Town Panchayats and the Village Panchayats shall maintain proper accounts 2[and proper records in respect of accounts] maintained by them under this Act and prepare an annual statement of accounts in such form as may be prescribed.
3[(2) The accounts maintained under sub-section (1) shall be subject to all audit procedures in force in the Government.]
(3) All the accounts and other records of the 4 [ State Town and Country Planning Committee] shall be made available to the auditor for the purpose of the audit.
(4) The Government shall cause the audit report to be laid, as soon as may be, after they are received, before the Legislative Assembly.