Accounts and audit of institution

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(1) The institution shall maintain separate accounts of the activities relating to financial intermediation, and prepare a balance sheet for each financial year, and get the same audited by any recognized45 auditor appointed by the general meeting of the institution within Six months after the expiration of the financial year.
(2) In appointing an auditor pursuant to Sub-section (1), the same person or firm shall not be appointed for more than Three consecutive times.
(3) The remuneration of auditor shall be as specified by the general meeting of the institution.

(4) If the Bank so wishes, it may at any time examine or cause to be examined the accounts of the institution.

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