(b) with the approval of the Minister and subject to the Finance and Audit Act, to borrow money whether by way of loan, overdraft or otherwise, on the security of its assets; (c) with the approval of the Minister to accept and administer any trust or donation; (d) to determine minimum rates of royalties to be levied in respect of uses to be made of works registered by it; (e) to levy fees upon registering works and associations; (f) to perform such other functions as may be assigned to it by the Minister; and (g) generally, to do and perform all such acts or things as it may deem necesary or expedient to achieve the objects of this Act. Funds of the Society 44. The funds of the Society shall consist of: (a) such sums as may be appropriated by Parliament for the purposes of the Society; (b) all fees payable under this Act; and (c) such other moneys and assets as may vest in or accrue to the Society, whether in course of its functions or otherwise. Accounts and audit 45. (1) The Society shall: (a) keep proper accounts and other records relating thereto in respect of its funds and shall in every respect comply with the provisions of the Finance and Audit Act; (b) furnish to the Minister annually, or as often as the Minister may direct, accounts in respect of finances and property, including an estimate of income and expenditure for the following financial year. (2) The accounts of the Society shall be examined and audited annually by auditors appointed by the Society and approved by the Minister. (3) The financial year of the Society shall be a period of twelve months 37