Section Section 50
, the S[Central Government] may at any time appoint the 6[Comptroller and Audito
section 50, the S[Central Government] may at any time appoint the 6[Comptroller and Auditor-General] 7*** to examine and report upon the accounts of the Bank 52. Powers and duties of auditors: 1) Every auditor shall be supplied with a copy of the annual balance-sheet, and it shall be his duty to examine the same, together with the accounts and vouchers relating thereto; and every auditor shall have a list delivered to him of all books kept by the Bank, and shall at all reasonable time have access to the books, accounts and other documents of the Bank; and may at the expense of the Bank 8*** employ accountants O other person to assist him in investigating such accounts, and may, in relation to such accounts, examine any Director Or officer of the Bank: (2) The auditors shall make report 9 *** to the S[Central Government] 10*** upon the annual balance-sheet and accounts, and in every such report they shall state whether, in their opinion, the balance-sheet is a full and fair balance-sheet containing all necessary particulars and properly drawn up s0 as to exhibit a true and correct view of the state of the Bank's affairs, and, in case they have called for any explanation or information from the Central Board, whether it has been given and whether it is satisfactory. Is**_ 53. Returns: (1) The Bank shall prepare and transmit to the S[Central Government] weekly account of the Issue Department and of the Banking Department in 12 [such] form as the S[Central Government] may, by notification in the Gazette of India, prescribe. The S[Central Government] shall cause these accounts to be 1[published in the Gazette of India at such intervals and in such modified form as it may deem fit]
1. Subs. by Act 24 of 1978, s. 9, for " Indian Income-tax Act; 1922" (w.e.f: 21-7-1978) 2 The proviso omitted by Act 62 of 1948, s. 7 and the Schedule (w.ef: 1-1-1949)- 3. Sub-section (2) omitted by s_ and the Schedule, ibid. (w.e.f: 1-1-1949)_ 4. Subs. by Act 62 of 1948, s_ 7 and the Schedule, for
Roop's Law Assist