(1) The Board shall maintain proper accounts and other relevant records and prepare an annual statement of accounts in such form as may be prescribed.
(2) The accounts of the Board shall be audited by the Comptroller and Auditor-General of India at such intervals as may be specified by him and any expenditure incurred by him in connection with such audit shall be reimbursed to him by the Board.
(3) The Comptroller and Auditor-General of India and any other person appointed by the Comptroller and Auditor-General in connection with the audit of Cognizance of offences.
Power to investigate offences.
Power to compound offences.
Grants by Central Government to Board.
Accounts and audit of Board.
46 of 2023.
38 THE GAZETTE OF INDIA EXTRAORDINARY [Part II— 38 Furnishing of returns and reports by Board.
Furnishing of annual report by Claims Commission.
Bar on jurisdiction of civil court.
Protection of action taken in good faith.
Power to amend First and Second Schedules.
Power to make rules.
the accounts of the Board shall have the same rights and privileges and authority in connection with such audit as the Comptroller and Auditor-General of India generally has in connection with the audit of the 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 any of the offices of the Board.
(4) The accounts of the Board as certified by the Comptroller and Auditor-General of India or any other person appointed by him in this behalf together with the audit report thereon shall be forwarded annually to the Central Government and the Central Government shall cause the same to be laid before each House of Parliament.