13.
| (1) The Board shall cause proper books of accounts to be kept of the income and expenditure, assets and liabilities and all other transactions of the Foundation. |
|
| (2) The Board shall cause its books to be balanced as on the 31st day of December in each year and shall, before the 31st day of March next, cause to be prepared an income and expenditure account and a balance sheet containing a summary of the assets and liabilities of the Foundation made up to the first-mentioned date. |
|
| (3) The income and expenditure account and the balance sheet shall be signed by the Chairman of the Board and by such other officers of the Foundation as may be authorized by the Board to do so. |
|
| (4) The accounts of the Foundation shall be audited by a qualified auditor. |
|
| (5) The Board shall annually prepare a report of the work of the Foundation and a report of the finances during the year completed and shall publish such report of the finances together with the report of the qualified auditor, in the Gazette for general information before the lapse of the year succeeding the year to which such report of the finances relate. |
|
|
Sri Lanka Consolidated Acts