Sri Lanka Consolidated Acts

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Industrial Development Act (No. 36 of 1969) - Sect 10

Administration of the Fund

10.
(1) The Fund shall be under the control and administration of the Deputy Secretary to the Treasury
(2) The Deputy Secretary to the Treasury shall, as soon as possible after the end of each calendar year, prepare a report on the administration of the Fund.
(3) The Deputy Secretary to the Treasury shall cause to be maintained a full and appropriate account of the Fund in respect of each calendar year.
(4) The accounts of the Fund for each calendar year shall be audited by or under the direction of the Auditor-General.
(5) A report on the administration of the Fund (together with the report of the Auditor-General on the accounts of the Fund) shall be placed by the Minister before the Senate and the House of Representatives.


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