1 THE HARYANA ELECTRICITY REFORM ACT, 1997 ... - HIPA

- 51 -electricity or generating companies owned or controlled by Central Government orundertaking owned by the Central Government.ScheduleTHE HARYANA ELECTRICITY REGULATORYCOMMISSIONPART IThe Commission's Finance, Accounts and AuditAnnual FinancialStatement.I (1) (in December of) each year the Commission shall submit to the StateGovernment a statement of its estimated expenditure for the ensuing financial year.(2) The State Government shall as soon as possible after the receipt of the saidstatement cause it to be laid on the table of the state Legislature.(3). The Commission may at any time during the year in respect of which astatement under sub-paragraph (1) has been submitted, submit to the State Governmenta supplementary statement, and all the provisions of this section shall apply to suchstatement as they apply to the statement under the said sub-section.Accounts and Audit.II (1) The Commission shall cause proper accounts and other records in relationthereto to be kept, including a proper system of internal, check and shall prepare anannual statement of accounts, in such form as may be prescribed by regulations madeby the Commission in consultation with the Accountant General Haryana.(2) The accounts of the Commission shall be audited by the Accountant GeneralHaryana or by such person as he may authorise on his behalf and any expenditureincurred by him in connection with such audit shall be payable by the StateGovernment.(3) The Accountant General Haryana or any person authorised by him inconnection with the audit, of the accounts of the Commission shall have the right todemand the production of books, accounts, connected vouchers and other documentsand papers of the Commission.(4) The account of the Commission as certified by the Accountant GeneralHaryana or any other person authorised by him on his behalf, together with the auditreport thereon shall be forwarded to the State Government within six months of theclose of the year to which the accounts audit report relates and the Commission shallcause the said accounts of the Commission to be published and make availablecopies thereof on saleat a reasonable price. The audit report shall contain full details of any discrepanciesor irregularities in the accounts of the Commission. At the same time, theCommission shall publish an annual statement of its activities in relation to thefunctions carried out by it under this Act during the year to which the said accounts