Central

Section 24 of The Rubber Act, 1947

Accounts of the Board.

(1)The Board shall keep such accounts, in such manner and in such form as may be prescribed, of all moneys received and expended by it.
(2)The Board shall cause the accounts to be audited annually by auditors appointed by the Central Government, and the auditors shall have the power to disallow any item of expenditure which in their opinion has not been properly incurred under this Act.
(3)The Central Government may, on the application of the Board, allow any item of expenditure disallowed by the auditors under sub-section (2).

Summary

The Board has to keep accounts of all the money it receives and spends in a specific form.
These accounts must be checked every year by auditors chosen by the Central Government.
The auditors have the power to reject any expense they believe was not properly made under the Act.
If the auditors reject an expense, the Board can ask the Central Government to approve it anyway.

1The Board spends money on a new office, and the annual auditor rejects the expense as improper.

2After an auditor disallows a travel expense, the Board writes to the Central Government asking them to allow the rejected cost.

1. How often are the Board's accounts checked?

They are audited annually.

2. Who appoints the auditors for the Board?

The auditors are appointed by the Central Government.

3. What happens if an auditor rejects a cost?

The Board can make an application asking the Central Government to allow the disallowed expenditure.

1.Under Section 24 of The Rubber Act, 1947, how often must the accounts of the Rubber Board be audited?

2.Under Section 24 of The Rubber Act, 1947, who is responsible for appointing the auditors to check the Board's accounts?

3.Under Section 24 of The Rubber Act, 1947, what special power do the appointed auditors have when reviewing the Board's expenses?

4.Under Section 24 of The Rubber Act, 1947, what can the Board do if an auditor disallows a specific item of expenditure?