Section 25 of The Energy Conservation Act, 2001
- (1)The Bureau 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 in consultation with the Comptroller and Auditor-General of India.
- (2)The accounts of the Bureau 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 Bureau to the Comptroller and Auditor-General.
- (3)The Comptroller and Auditor-General of India and any other person appointed by him in connection with the audit of the accounts of the Bureau shall have the same rights and privileges and authority in connection with such audit as the Comptroller and Auditor-General generally has in connection with the audit 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 Bureau.
- (4)The accounts of the Bureau as certified by the Comptroller and Auditor-General of India or any other person appointed by him in this behalf together with the audit report thereon shall be forwarded annually to the Central Government and that Government shall cause the same to be laid before each House of Parliament.
Summary
- Section 25 outlines how the Bureau must keep its financial accounts and records.
- The format of the annual statement of accounts is chosen by the Central Government after consulting the Comptroller and Auditor-General of India, who acts as the national auditor.
- The national auditor inspects these accounts at certain times, and the Bureau must pay the costs of this audit.
- The auditor has strong powers to demand books and vouchers, and can inspect any of the Bureau's offices.
- After the audit is finished, the certified accounts and the audit report are sent to the Central Government, which then presents them to both Houses of Parliament.
Practical examples
FAQ
1. Who decides the format for the Bureau's annual statement of accounts under Section 25 of The Energy Conservation Act, 2001?
Under Section 25 of The Energy Conservation Act, 2001, the form is prescribed by the Central Government in consultation with the Comptroller and Auditor-General of India.
2. Who is responsible for paying the expenses of the audit under Section 25 of the energy act?
According to Section 25 of The Energy Conservation Act, 2001, any expenditure incurred in connection with the audit is payable by the Bureau.
3. Does the auditor have the right to enter the Bureau's offices under Section 25 of the conservation law?
Yes, under Section 25 of The Energy Conservation Act, 2001, the auditor has the right to demand the production of books and documents, and to inspect any of the offices of the Bureau.
4. What happens to the final audit report under Section 25 of The Energy Conservation Act, 2001?
According to Section 25 of The Energy Conservation Act, 2001, the certified accounts and audit report are sent to the Central Government, which then lays them before each House of Parliament.
Test yourself
Q1.Under Section 25 of The Energy Conservation Act, 2001, who must the Central Government consult to determine the form of the annual statement of accounts?
Q2.According to Section 25 of The Energy Conservation Act, 2001, who carries the financial burden of paying for the audit?
Q3.What specific powers does the auditor have when auditing the Bureau under Section 25 of The Energy Conservation Act, 2001?
Q4.Under Section 25 of The Energy Conservation Act, 2001, where does the Central Government send the certified accounts and the audit report after receiving them?