Section 27 of The Building and Other Construction Workers (Regulation of Employment and Conditions of Service) Act, 1996
- (1)The Board shall maintain proper accounts and other relevant records and prepare an annual statement of accounts in such form as may be prescribed in consultation with the Comptroller and Auditor-General of India.
- (2)The Comptroller and Auditor-General of India or any other person appointed by him in connection with the auditing of the accounts of the Board under this Act shall have the same rights and privileges and the authority in connection with such audit as the Comptroller and Auditor-General of India has in connection with the auditing 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 of the offices of the Board under this Act.
- (3)The accounts of the Board shall be audited by the Comptroller and Auditor-General of India annually and any expenditure incurred in connection with such audit shall be payable by the Board to the Comptroller and Auditor-General of India.
- (4)The Board shall furnish to the State Government before such date as may be prescribed its audited copy of accounts together with the auditor's report.
- (5)The State Government shall cause the annual report and auditor's report to be laid, as soon as may be after they are received, before the State Legislature.
Summary
- The Board must keep proper financial accounts and records of all money coming in and going out.
- Every year, the Board must prepare a formal statement of its accounts.
- The Comptroller and Auditor-General of India, or a person they choose, audits these accounts every year.
- The Board is responsible for paying the costs associated with this annual audit.
- Audited accounts and the auditor's report must be sent to the State Government.
- The State Government must present these financial reports to the State Legislature.
Practical examples
FAQ
1. Who is responsible for auditing the Board under Section 27 of the Building and Other Construction Workers (Regulation of Employment and Conditions of Service) Act, 1996?
Under Section 27 of the Building and Other Construction Workers (Regulation of Employment and Conditions of Service) Act, 1996, the Comptroller and Auditor-General of India or their appointee conducts the audit.
2. Who pays for the audit of the Board's accounts under Section 27 of the Building and Other Construction Workers (Regulation of Employment and Conditions of Service) Act, 1996?
Section 27 of the Building and Other Construction Workers (Regulation of Employment and Conditions of Service) Act, 1996 states that any expenditure for the audit is payable by the Board.
3. What happens after the Board's accounts are audited under Section 27 of the Building and Other Construction Workers (Regulation of Employment and Conditions of Service) Act, 1996?
The audited accounts and report are sent to the State Government, which then lays them before the State Legislature as required by Section 27 of the Building and Other Construction Workers (Regulation of Employment and Conditions of Service) Act, 1996.
Test yourself
Q1.Under Section 27 of the Building and Other Construction Workers (Regulation of Employment and Conditions of Service) Act, 1996, which authority has the right to demand the production of books and vouchers?
Q2.Who bears the cost of the annual audit according to Section 27 of the Building and Other Construction Workers (Regulation of Employment and Conditions of Service) Act, 1996?
Q3.What must the State Government do with the audited accounts received under Section 27 of the Building and Other Construction Workers (Regulation of Employment and Conditions of Service) Act, 1996?
Q4.How often must the accounts of the Board be audited under Section 27 of the Building and Other Construction Workers (Regulation of Employment and Conditions of Service) Act, 1996?