The Meghalaya Local Fund (Audit) Act, 2021, establishes a structured framework for auditing the financial accounts of local authorities and funds within Meghalaya, such as municipal boards, councils, and local committees. It empowers the Director of Local Fund Audit to conduct various types of audits—including concurrent, special, and test audits—to ensure financial transparency and accountability. The Act mandates that local authorities present their accounts annually, allows for the recovery of misappropriated funds through surcharges, and provides a mechanism for public transparency. For citizens, this law acts as a safeguard against the misuse of public money, ensuring that local government funds are managed responsibly and legally.
Official Legislative Text
Educational Study Layer
Chronological legislative evolution of The Meghalaya Local Fund (Audit) Act, 2021 across statutory gazettes and amending Acts.