(1) The Board shall maintain proper accounts and other relevant records and prepare an annual statement of accounts including the profit and loss accounts and the balance sheets in such form as may be prescribed.
(2) The accounts of the Board shall be audited by such person as the Government may appoint in this behalf.
(3) The person appointed under sub-section (2) shall, in connection with such audit, have such rights, privileges and authority, as may be prescribed and in particular, such auditor shall have the right to demand the production of books, accounts, connected vouchers and other documents and to inspect any of the offices of the Board.
(4) The accounts of the Board as certified by such auditor together with the audit report thereon shall be forwarded annually to the Government and the Commission before such date as the Government may specify in this behalf.
(5) The Board shall comply with such directions as the Government or the Commission may, after perusal of the report of the auditor, think fit to issue.
Power to alter scheme
23. The Board may, with the previous approval of the Commission, make any alteration in any scheme so long as the aggregate amount sanctioned for the scheme is not exceeded.
Power to write off irrecoverable amount
24. The Board may write off any amount due to it, whether under a contract or otherwise, or any sum payable in connection therewith, if in its opinion such amount or sum is irrecoverable:
Provided that the Board shall, before writing off any such amount or sum exceeding rupees three thousand, obtain the sanction of the Government.
Recovery of arrears
25. If any amount due to the Board in accordance with the terms of a contract or otherwise howsoever or any sum payable in connection therewith, has not been paid, the Board may, without prejudice to any other remedy provided by law, recover such amount or sum as arrears of land revenue.
Returns and reports