West Bengal Report-IPAI.pdf - Sarva Shiksha Abhiyan

60MAINTENANCE OF ACCOUNTS AND AUDIT3.1 ACCOUNTS :Para 101 of MFM & P provides that the sis was responsiblefor maintenance of proper accounts and other relevantrecords as well as preparation of annual accounts comprisingthe receipts and payments accounts andstatement ofliabilities in such a form as may be prescribed by theregistrar of Societies of the State Government in keepingwith the rules in force under the Societies Registration Act,1860 (21 of 1860) subject to the condition that in respect ofgrants from the Central Government, the directions of theCentral Government shall be adhered to. The SPD is to causethe annual accounts of the Society to be preparedimmediately after the close of the financial year and afterapproval by the Executive Committee, shall have theaccounts audited annually by a firm of CharteredAccountants appointed with the approval of ExecutiveCommittee by April every year. The Chartered Accountantshall make available the Audit Report by 30 September. Para101.10 of MFM & P provides that audited accounts shall becommunicated to the Executive Committee which shallsubmit a copy of the audit report along with its observationsto the State Government within 15 days of receipt thereof.The State Government shall place these documents before theState Legislature.Para 103 of MFM & P further provided that the Annual Report on theworking of the Society and the work undertaken by it during the year