Annual Statement of Accounts requires Commission to prepare, approve, audit and forward annual financial statements to central government. The Commission must compile an Annual Statement of Accounts for each year ending 31st March-comprising balance sheet, income and expenditure account, receipt and payment account, schedules, notes and significant accounting policies-approve and authenticate those statements by the Commission or an authorised Committee with signatures of the Chairman and one Member, forward the approved accounts for statutory audit within three months after year end, and, after certification and adoption, transmit the audited accounts and audit report to the Central Government for laying before Parliament.
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Annual Statement of Accounts requires Commission to prepare, approve, audit and forward annual financial statements to central government.
The Commission must compile an Annual Statement of Accounts for each year ending 31st March-comprising balance sheet, income and expenditure account, receipt and payment account, schedules, notes and significant accounting policies-approve and authenticate those statements by the Commission or an authorised Committee with signatures of the Chairman and one Member, forward the approved accounts for statutory audit within three months after year end, and, after certification and adoption, transmit the audited accounts and audit report to the Central Government for laying before Parliament.
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