(1) The Chief ~ve Officer lifu maintain or cause to l!e maintained an account of re<:eipts and expendilure of the Commission, fli:U..Mrm ..,ocified by the' Ce¥llfD1IIIIIlt ·
(2) Th.,ChiefExecutlve Officer ~e re~ble for ensurittg that no expendillll'e is made fr!Jm the funds of the. Commission unless provisions for sucb expen\liture has been made in the budget .. ~ due appropria!,lon made by Parliament by Law in this behalf and funds are avaifable for incurring.the ~. ·
(3) The Chief Executive Office•r shall. also prllplllll or calise to be prepared such statemdnts of accounts and · records and subsidiary accounts as may be required by the GoverM1Cnt or by the Q>mmisSion, from time to time.
(4) The Chief Executive Officer shall, in consulmtion with the Financial Adviser, conduct necessary internal audit of the expenditure made out of the funds of the Q>mmissfoq in order·to CJI8UIII.Illatlheellpllldi_.. ia4ncwred strictly aco:ording to rules and regulations under the Act tad in aa:ordaace with the ordci'S and iastnactions issued by ~e Commission 11nd o.ther competent authoritle:s from tinre to time.