State Act

The Maharashtra Municipal Corporations Act

1[107A. Power of State Government to require audit by Director, Local Fund Accounts Audit.— The State Government shall cause the annual accounts of the Corporation, including the Accounts of the Transport Undertaking, if any, to be audited by the Director, Local Fund Accounts Audit. On receipt of the report from the Director, Local Fund Accounts Audit of such audit, the State Government shall forward it to the Commissioner. The Commissioner shall cause, the report of such audit to be laid before the General Body of the Corporation within three months from the date of its receipt. The Commissioner shall, thereafter, take further necessary action on the report as per the provisions of the Maharashtra Local Fund Audit Act (Bom. XXV of 1930).]