223. (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 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.