Within three' months after the end of each financial.year the annual accounts .showing the financial results of the Khadi Fund and Village Industries Fund shall be prepared with such subsidiary accounts as may be necessary and in such forms as may be prescribed by the Government in consultation with the Comptroller and Auditor General of India and placed before the Commission. These accounts authenticated by affixing the common seal and duly passed by the Commission shall be submitted to the Government and the audit.officer appointed by the Comptroller and Auditor-Generals' normally by the end of October.
Provided that, on the request of the Commission the Government may, in consultation with the ComptroJler and Auditor-General, extend the date of submission of the accounts by such period as the Government may think tit.
26. Impropriety and Irregularity in Accounts> (1) The Audit Officer shall furnish the Commission and the Government with a statement each, where necessary, in regard to any material impropriety or irregularity which the Audit Officer may observe in the expenditure or in the recovery of moneys due to, or in the accounts of the Commission.
(2) The Commission shall forthwith remedy any defect or irregularity that may be pointed out by the Audit Officer and shall report to the Government the action taken by it thereon within ninety days of the receipt of the report of the Audit Officer provided that if there is any difference of opinion between the Commission and the Audit Officer or if the Commission does not remedy any defect or regularity, within a reasonable period or render a satisfactory explanation in regard to the defect or irregularity, the Government may, and on reference specifically made therefor by the Audit Officer shall, in co~sultation with the Comptroller and Auditor General pass such orders thereon as it 1"'IJ7T Il_:_~ 3(i)] 29 things fit and the Commission shall thereafter take action in accordance therewith within such time as may be specified by the Government. .
27. Publication of annual accounts> An abstract statement of annual receipts and expenditure shall be published in the Gazette of India and on the official website of , the Commission.