Section 21, Centre Act, 2025

(1) The Centre shall keep proper books of account andother records in relation to its activities, property and finances, in such form as may be approved by the Auditor-General and shall prepare, in respect of each financial year, a financial statement which shall include- (a) balance sheet accounts; (b) income and expenditure accounts; and (c) source and application of funds. (2) The accounts of the Centre kept under subsection (1) shall not later than 3 months after the end of each financial year, be audited by the Auditor-General or an auditor appointed by him. (3) For the purposes of subsection (2), the Auditor- General or the auditor appointed by him shall be entitled to have access to all books of account, vouchers and other financial records of the Centre and to require such information and explanation thereon as he may think fit. (4) The Centre shall provide the Auditor-General or the auditor appointed by him with all necessary and appropriate facilities for the examination of the accounts and records of the Centre. (5) The Auditor-General or the auditor appointed by him shall submit to the Centre a report on the audited accounts and the financial statements referred to in subsection (1) and shall, in his report draw attention to- (a) irregularities in the accounts; (b) matters that are likely to adversely affect the operations of the Centre; and (c) any other matter which, in his opinion, ought to be brought to the notice of the