Section 62 — Accounts and audit.

62. Accounts and audit.—(1) The Council shall maintain appropriate accounts and other relevant 

records and prepare an annual statement of accounts including the balance sheet, in accordance with such 

general directions as may be issued and in such form as may be specified by the Central Government in 

consultation with the Comptroller and Auditor-General of India. 

(2) The accounts of the Council shall be audited annually by the Comptroller and Auditor-General of 

India or any person appointed by him in this behalf and any expenditure incurred by him or any person so 

appointed in connection with such audit shall be payable by the Council to the Comptroller and    

Auditor-General of India. 

(3) The Comptroller and Auditor-General of India and any person appointed by him in connection 

with the audit of the accounts of the Council shall have the same rights and privileges and authority in 

connection with such audit as the Comptroller and Auditor-General of India has in connection with the 

audit of Government accounts, and, in particular, shall have the right to demand the production of books 

of accounts, connected vouchers and other documents and papers and to inspect the office of the Council. 

(4) The accounts of the Council as certified by the Comptroller and Auditor-General of India or any 

person appointed by him in this behalf, together with the audit report thereon, shall be forwarded annually 

to the Central Government and that Government shall cause the same to be laid before each House of 

Parliament. 

(5) A copy of the accounts of the Council as so certified together with the audit report thereon shall be 

forwarded simultaneously to the Council.