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Section 26 – Coir Board General Provident Fund Bye-Laws,1977

Coir Board General Provident Fund Bye-Laws,1977

26. Accounts and Audit.

(1) All sums paid into and from the Fund under these bye-laws shall be accounted for in the books of the Board in an account named “The Coir Board General Provident Fund Account”.

(2) Such accounts shall be examined and audited annually by the auditors appointed under sub-section (2) of Sec. 17 of the Act.

(3)All expenses of the Fund shall be met from the income of the Funds as far as possible. If the income is not sufficient to meet all expenses, the deficit shall be met from the Coir Fund.

(4) The custody and disbursal of the Fund shall be regulated under Bye-laws 25 and 26 of the Coir Board (Transaction of Business, Conditions of Service of Employees and Maintenance of Accounts) Bye-laws,1955, exactly in the same manner as the Funds of the Board.

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Coir Board General Provident Fund Bye-Laws,1977

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