Section 22
Accounts and financial statements
of Centre for Strategic and Policy Studies Act
ActIn forceProvision 22 of 25
Section 22
(1)
The Centre shall —
(a)
keep proper accounts and records of its transactions and affairs; and
(b)
do all things necessary to ensure that all payments out of its funds are correctly made and properly authorised and that adequate control is maintained over the assets of, or in the custody of, the Centre and over the expenditure incurred by the Centre.
(2)
The Centre shall, as soon as practicable after the close of each financial year, prepare and submit financial statements in respect of that year to the auditor of the Centre.
(3)
The financial year of the Centre shall begin on 1st April of each year and end on 31st March of the succeeding year.