(1) The Board shall maintain accounts and other relevant records and prepare an annual statement of accounts including the profit and loss account 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 person 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 account of the Board, as certified by the person appointed under sub-section (2), together with the audit report thereon shall be forwarded annually to the Government and the Khadi and Village Industries Commission before such date as the Government may specify in this behalf.
(5) The Board shall comply with such directions as the Government may, after perusal of the report of the person appointed under sub-section (2), think fit to give.
21. The Board may, with the previous approval of the Khadi and Village Industries Commission, make any alteration in any scheme so long as the aggregate amount sanctioned for the scheme is not exceeded.
Power of alter scheme
22.(1) Except with the previous sanction of the Government, the Board shall not adopt or execute any scheme or plan or carry out any works in connection therewith, if the cost of such schemes, plans or other works exceeds or is likely to exceed- Previous sanction of Government for certain schemes, plans and works.
(a) Twenty five lakhs of rupees in the case of replacement, reconstruction, structural, alterations, adaptations, conversions, improved fixtures, fittings and machinery and other works of improvement not involving extensions enlargements or additions to existing works or works previously in use; or
(b) Twenty five lakhs of rupees in the case of new works including extensions, enlargements and additions to existing works or works previously in use.
(2) Notwithstanding anything contained in subsection (1), the Board shall not, except with the previous sanction of the Government, adopt or execute any scheme or plan, if the cost of such scheme, plan or other work is met or to be met with from the funds provided by the Government.
23. Notwithstanding anything contained in this Act, where any contract for the execution of any scheme, plan or other work or for the supply of any materials or goods the value of which exceeds one crore of rupees, the Board, on receipt of the tenders in respect of such contract, shall place all the tenders before the Government which may approve any tender which appears to them, upon a view of all the circumstances, to be the most advantageous and thereupon the Board shall accept the tender so approved.
Government to finalise certain contracts.
Power to write off irrecoverable amount.
24. The Board may write-off any amount whatsoever 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 ten thousand rupees, 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 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 arrear of land revenue.
Returns and reports.