Cement, Energy and Environment

13 (2) The National Authority. shall adopt financial regulation and procedures. in particular the procedure for drawing up and implementing the budget of the National Authority as may be prescribed. ll. The National Authority may invest its funds. including any reserve fund. in the 5 securities of the Central Government and in scheduled banks in such manner as may be prescribed: Provided that the grants received from the Central GovellUllellt shall not be invested and shall be utilised for the purposes and in the maru1er attached to it 11. (1) 11le National Authority shall maintain proper accounts and other relevant lO records and prepare an annual statement of accounts in such form as may be prescribed in consultation \Vith the Comptroller and Auditor-General of India. (2) The accounts of the National 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 National Authority to the l'i Comptroller and Auditor-General. 13) The Comptroller and Auditor General and any other person appointed by him in connection with the audit of the accounts of the National Authority shall have the same right and pri\'ileges and authonty in connection with such audit as the Comptroller and Auditor-General generally has in connection \>.ith the audit of the Government accounts :II and. in particular. shall have Ute right to demand the production of books. accounts. connected vouchers and other docrunents and papers and to inspect the office oftheNational Authority. (4) The accounts of theNational Aotlloriry as certified by the Comptroller and Auditor– General or any other person appomted by lum in this behalf together witll the audit report tllereon. shall be fOIWarded annually to the Ce-ntral Governn1rnt by the National Authority. 2."i !5) The Comptroller and Auditor-General shall. v.rithi.n J period of six months from tlle date of commencement of the Act. Jndit the accounts of the all monies collected by the State Governments and Union territory Administrations. which has been placed under the ad 11oc Authority and deposited in the nationalised banks and submit the report to the Central Gowmment under this secuon. lJ (O) The Central Governm.ent shall ha\'e the power to conduct the special audit or performance audit of the Nauonal Ftmd and oftheNauonalAuthority through the Comptroller and Auditor- Gencral. l3. I1) The National Authority shall prepare. irs annual report. giving a full account of its activities during tlle previous financial year and forward a copy thereof to the Central J'i Governn1ent. in such fonn and at such time. for each fu1ancial year. as may be prescribed. (2) The aru1ual report shall. 1111cr a/1a. provide for- (i) tl1e summary of monitoring and evaluation of activities m1dertaken from ammmts released from the National Ftmd and State Fm1ds during the year: (ii) the summa1-y of speafic schemes specified in sub-clause (iii) of clause (b) of ..() section 5 executed during the year: (iii) the amount of money received and expended. l~. 11le Central Government shall cause the annu..'ll report and audit report together v.ith a memorandrun of action tak-en on tlle recommendations contained therein to be laid as soon as may be after the reports are Itteived before each House of Parlia.ment 44 Investment of funds by Natlon3.1 Authority. Accounts :.md audit of N:nion3.1 Authority Annu3.1 report of N31lon3.1 Authonty. Annu3.1 report :md audtt report of ~at10nal Authont)' to be J:ud before P:uh3roent