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        Indian Laws

        Section 16 - Accounts and audit.

        International Financial Services Centres Authority Act, 2019
        Chapter IV
        FINANCE, ACCOUNTS AND AUDIT

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        Accounts and audit: Authority must maintain prescribed accounts, subject to audit by the Comptroller and Auditor General with reporting. The Authority must maintain proper accounts and prepare an annual statement in the form prescribed in consultation with the Comptroller and Auditor General of India. The Comptroller and Auditor General audits the Authority's accounts at specified intervals, with the Authority liable for related audit expenses. The CAG and appointees have statutory rights to demand books, vouchers and inspect offices; certified accounts and the audit report are to be forwarded to the Central Government for laying before each House of Parliament.
                          Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
                            Provisions expressly mentioned in the judgment/order text.

                                Accounts and audit: Authority must maintain prescribed accounts, subject to audit by the Comptroller and Auditor General with reporting.

                                The Authority must maintain proper accounts and prepare an annual statement in the form prescribed in consultation with the Comptroller and Auditor General of India. The Comptroller and Auditor General audits the Authority's accounts at specified intervals, with the Authority liable for related audit expenses. The CAG and appointees have statutory rights to demand books, vouchers and inspect offices; certified accounts and the audit report are to be forwarded to the Central Government for laying before each House of Parliament.


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