Chapter IVCentral
Section 25 of The Industrial Development Corporation Act, 1965
- (1)The Corporation shall maintain books of account
and other books in relation to its business and transaction in such form, and in such
manner, as may be prescribed.
- (2)The accounts of the Corporation shall be audited by an auditor appointed by the State Government, in the prescribed manner.
- (3)As soon as the accounts of the Corporation are audited the Corporation shall send a copy thereof with a copy of the report of the auditor thereon to the State Government.
- (4)The State Government shall cause the accounts of the Corporation together with the audit report thereon forwarded to it under sub-section (3) to be laid annually before the Legislative Assembly.