Section 24
Accounts of the Board.
About this Act
An Act to provide for the development under the control of the Union of the rubber industry.
(1) The Board shall keep such accounts, in such manner and in such
form as may be prescribed, of all moneys received and expended by it.
(2) The Board shall cause the accounts to be audited annually by auditors appointed by the Central Government, and the auditors shall have the power to disallow any item of expenditure which in their opinion has not been properly incurred under this Act.
(3) The Central Government may, on the application of the Board, allow any item of expenditure disallowed by the auditors under sub-section (2).
(2) The Board shall cause the accounts to be audited annually by auditors appointed by the Central Government, and the auditors shall have the power to disallow any item of expenditure which in their opinion has not been properly incurred under this Act.
(3) The Central Government may, on the application of the Board, allow any item of expenditure disallowed by the auditors under sub-section (2).