Section 29 of The National Sports Governance Act, 2025
- (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 by the Central Government in consultation with the Comptroller and Auditor-General of India.
- (2)The accounts of the Board 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 Board to the Comptroller and Auditor-General of India.
- (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 Board shall have the same rights and privileges and authority in connection with such audit as the Comptroller and Auditor-General of India 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 Board.
- (4)The accounts of the Board 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
- The Board must keep proper financial records and make an annual statement of accounts.
- The format for these accounts is decided by the Central Government along with the Comptroller and Auditor-General of India.
- The Comptroller and Auditor-General audits the Board's accounts and decides how often these audits happen.
- The Board has to pay for the costs of this audit.
- The auditors have the right to demand access to any books, vouchers, or papers and can inspect the Board's offices.
- The audited accounts and the audit report are sent to the Central Government every year, which then presents them to both Houses of Parliament.
Practical examples
FAQ
1. Who decides the format for the Board's annual statement of accounts?
The Central Government prescribes the format after consulting with the Comptroller and Auditor-General of India.
2. Who audits the financial records of the Board?
The Comptroller and Auditor-General of India audits the accounts.
3. Does the Board have to pay for its own audit?
Yes, any expenses for the audit must be paid by the Board to the Comptroller and Auditor-General.
4. What happens to the audit report when it is finished?
It is sent to the Central Government, which then presents it to both Houses of Parliament.
Test yourself
Q1.Under Section 29 of The National Sports Governance Act, 2025, who is responsible for specifying how often the Board's accounts are audited?
Q2.Under Section 29 of The National Sports Governance Act, 2025, who bears the financial cost incurred in connection with the audit of the Board's accounts?
Q3.Under Section 29 of The National Sports Governance Act, 2025, what specific authority does the Comptroller and Auditor-General have during an audit of the Board?
Q4.Under Section 29 of The National Sports Governance Act, 2025, where does the final certified audit report end up after being forwarded to the Central Government?