NATIONAL FILM AND TELEVISION INSTITUTE ACT - 1978 (SMCD 151)

    Section - 12 - Accounts and Audit.

    (1) The Institute shall keep proper books of account and proper records in relation thereto and the account books and records of the Institute shall be in such form as the Auditor-General may approve.

    (2) The books and accounts of the Institute shall within three months after the end of each financial year be audited by the Auditor-General or an auditor appointed by him.

    (3) The Institute shall pay in respect of such audit, such fees (if any) as the Auditor-General and the Board may agree or in the case of failure to agree, such fees as the Commissioner may prescribe.

    (4) It shall be the duty of the Board as soon as possible after receiving the report of the Auditor-General under this section to forward a copy of such report to the Commissioner.

    (5) The Commissioner shall as soon as practicable upon receipt thereof, cause to be laid before the Supreme Military Council a copy of the Auditor-General's report forwarded to him under this section.