National Institute of Pharmaceutical Education and Research Act, 1998
23. Accounts and audit
(1) The Institute shall maintain proper
accounts and other relevant records and prepare an annual statement of
accounts, including the balance-sheet, in such form as may be specified. in
accordance with such general directions as may be issued by the Central
Government in consultation with the Comptroller and Auditor-General of India.
(2) The accounts of the Institute shall be
audited by the Comptroller and Auditor-General of India and any expenditure
incurred by him in connection with such audit shall be payable by the Institute
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 Institute shall have the same rights, privileges and authority
in connection with such audit as the Comptroller and Auditor-General of India
has in connection with the audit of the Government accounts, and, in
particular, shall have the right to demand the production of books, accounts,
connected vouchers and other documents and papers and to inspect the offices of
the Institute.
(4) The accounts of the Institute as certified
by the Comptroller and Auditor-General of India or any other 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.