The Protection of Plant Varieties and Farmers' Rights Act, 2001
62. Budget, accounts
and audit.-
1. The
Authority shall prepare a budget, maintain proper accounts and other relevant
records (including the accounts and other relevant records of the Gene Fund)
and prepare an annual statement of accounts in such form as may be prescribed
by the Central Government in consultation with the Comptroller and
Auditor-General of India.
2. The
accounts of the Authority shall be audited by the Comptroller and Auditor-
General of India at such intervals as may be specified by him and any
expenditure incurred in connection with such audit shall be payable by the
Authority to the Comptroller and Auditor-General of India.
3. The
Comptroller and Auditor-General of India and any other person appointed by him
in connection with the audit of the accounts of the Authority shall have the
same rights and privileges and authority in connection with such audit as the
Comptroller and Auditor-General of India generally 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 any o the offices of the Authority.
4. The
accounts of the Authority 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.