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The Jharkhand Local Fund Audit (Amendment) Act, 2012 Complete Act

State: Jharkhand

Year: 2012

.....as Sub-Clause 2(d) in the following manner Local 'Bodies shall mean Urban Local Bodies (ULBs) as well as Panchayati Raj Institutions (PRIs). Section 3 - Section 4 of the Act is repealed and substituted as hereunder (A) The accounts of Local Bodies shall be examined and audited by Director Local Fund Audit or his equivalent authority through its auditors or Chartered Accountants appointed/engaged by the State Government. (B) The Comptroller and Auditor General of India shall provide Technical Guidance and Supervision (TGS) over proper maintenance of accounts and audit thereof of Local Bodies. (C) The State Government may by notification constitute and appoint Director Local Fund Audit and may specify its powers and functions as deemed necessary. Section 4 - Section 8 of the Act is repealed and substituted as hereunder (A) The Comptroller and Auditor General of India shall prepare an Annual Technical Inspection Report based on the Technical Guidance and Supervision (TGS) and the test check of accounts of Local Bodies. (B) The Annual Technical Inspection Report of C&AG along with the Annual Report of the Director of Local Fund Audit shall be submitted to the.....