(a) One such Senior Account Officer shall be appointed from the Finance and Accounts services by the State Government who shall be responsible for appropriate accounts and other relating record of the institution. He shall also prepare annual statement and balance sheet and conduct other financial work of accounts.
(b) The audit of the account of the Institution shall be done annually by the Auditors appointed with the permission of the State Government.
CHAPTER-V Miscellaneous Annual Report 16. The Institution shall prepare an annual report every year, in such form and in such manner as may be prescribed, in which correct and full details of affairs of previous year shall be given. The annual report shall be laid before the house of the State Legislative Assembly every year.
Inspection 17. The Director or any officer authorized by him may inspect any Academy/branches of the Institution to satisfied that this Act and the provisions of rules and regulations made under it are complied with.
Power to make rules 18. (1) The General Body and Management Committee may make rules for the implementation of the object of this Act and may amend them with the prior approval of the State Government.
(2) The rules made under sub-section (1) shall not be inconsistent with the provisions of this Act.
(3) The rules made under this section shall be laid before the Legislative Assembly as soon as possible.
Protection of action taken in good faith
19. No suit, prosecution or other proceeding may lie against Institution or any person of any Academy for any act which is in good faith done or intended to be done under this Act.
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