Water (Prevention and Control of Pollution) Act, 1974
40. Accounts and Audit.
(1) Every Board shall maintain proper accounts
and other relevant records and prepare an annual statement of accounts in such
form as may be prescribed by the Central Government or, as the case may be, the
State Government.
(2) The accounts of the Board shall be audited
by an auditor duly qualified to act as an auditor of companies under section
226 of the Companies Act, 1956 (1 of 1956).
(3) The said auditor shall be appointed by the Central Government or, as the
case may be, the State Government on the advice of the Comptroller and Auditor
General or India.
(4) Every auditor appointed to audit the
accounts of the Board under this Act shall have the right to demand the
production of books, accounts, connected vouchers and other documents and
papers and to inspect any of the offices of the Board.
(5) Every such auditor shall send a copy of his report together with an audited
copy of the accounts to the Central Government or, as the case may be, the
State Government.
(6) the Central Government shall, as soon as may be after the receipt of the
audit report under sub-section (5), cause the same to be laid before the both
House of Parliament.
(7) The State Government shall, as soon as may be after the receipt of the
audit report under sub-section (5), cause the same to be laid before the State
Legislature.