Section 4 in The Joint Electricity Regulatory Commission for the State of Goa and Union Territories (Form of Annual Statement of Accounts and Records) Rules, 2016
4. Form and time of preparation of annual statement of accounts of Commission.
(1)The Joint Commission shall prepare the annual statement of accounts for every financial year which shall comprise of the following, namely:-(i)balance sheet;(ii)income and expenditure account;(iii)schedules to the above financial statements;(iv)instructions and accounting principles;(v)notes and instructions for the Schedules; and(vi)statement of receipts and payments.(2)The annual statement of accounts shall be prepared as per the Forms specified in Schedule-I and Schedule-IV, in accordance with the Instructions and Accounting Principles and the Notes and Instructions specified in the Schedule-II and Schedule-III respectively, as devised by the Committee of Experts on Uniform Format of Accounts for Central autonomous bodies appointed on the recommendation of the Parliamentary Committee on Papers Laid on the Table.(3)The annual statement of accounts shall be finalised by the Joint Commission within three months following the financial year to which the accounts relate.
