N.R.C.D.344 Centre for Scientific Research into Plant Medicine Act, 1975 Financial Provisions 12. Funds of the Centre The funds of the Centre include subventions from the Government moneys accruing to the Centre in the course of the performance of its function under this Act, donations, endowments, grants, investments and moneys from any other source approved by the Council. 13. Donations A donation shall be made directly to the Centre which shall utilise the donation in furtherance of any of its objectives under this Act. 14. Estimates of expenditure (1) The Director shall for each financial year prepare and submit not later than two months before the commencement of that financial year draft estimates of expenditure in respect of the Centre administration and research projects during that financial year. (2) The Council shall consider the estimates and shall after approval by it, submit them through the Ministry responsible/or Health to the Government for approval. (3) The Council shall ensure that the funds of the Centre are employed solely for the purposes for which they were approved and in accordance with the financial regulations made by Minister on the recommendations of the Council. 15. Account and audit (1) The Centre shall keep proper books of accounts and proper records in relation to the accounts. (2) The Centre shall prepare an annual statement of accounts in the form and contain ing the particulars directed by the Auditor-General. (3) The books and accounts of the Centre shall be audited by the Auditor-General in accordance with article 187 of the Constitution. (4) The Auditor-General shall in the report state whether proper books of accounts have been kept by the Centre and shall call the attention of the Government to a matter falling within the scope of the examination which should be brought to the attention of the Government. (5) The Council shall as soon as possible on receiving the report of the Auditor General forward a copy to the Minister. (6) The Minister shall as soon as practicable on receipt of the Auditor-General's report lay it before Parliament. 16. Annual report (1) The Centre shall not later than six months after the end of each financial year submit an annual report through the Council to the Minister in the form prescribed by Minister which shall include the statement of accounts in section 15 (2) and the Minister shall as soon as practicable lay the report before Parliament. II - 2705 [Issue I]