(1) The Member-Secretary of the Authority shall maintain proper accounts and other relevant records of the Authority and prepare an annual statement at the close of each financial year and shall place it before the Authority and a copy thereof shall be sent to the State Government..
(2) The Annual accounts of the Authority shall be audited by an experiences Chartered Accountant or equivalent person as may be appointed by the Authority.
(3) The audited accounts of the Authority shall be placed every year before the Authority for approval on or before such date as the Authority may direct.
Annual Report 15. The Authority shall prepare an annual report of its activities during the year and submit the report to the State Government and a copy thereof to the Central Government in such form and before such date as the State Government may specify.
Chapter-V Other powers of the Authority Power of entry 16. Any officer or employee of the Authority specially authorized by the Authority, may, at all reasonable times, enter upon any land or premises and do such things as may be reasonably necessary for the purpose of lawfully carrying out any of its work, or, making any survey, exploration and prospecting, preliminary or incidental to the exercise of powers or the performance of functions by the Authority under this Act.
Power to issue directions
17. The State Government and the Central Government may, from time to time, issue to the Authority such directions as in its opinion may be necessary or expedient for carrying out the purposes of this Act, and it shall be the duty of the Authority to comply with such directions.
Power to make regulations