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State of Tamilnadu - Section

Section 139 in Code of Regulations for Anglo-Indian Schools-Tamil Nadu State

139.

The management of every aided school shall submit to the Director through the Inspector of Anglo-Indian Schools, not later than 1st May of each year, a financial statement in the prescribed Form (Appendix 25) together with the subsidiary statements and retain two copies of the financial statements in the school. These statements shall be checked and audited by the Departmental Auditors who should certify to the effect that the receipts and expenditure as shown in the financial statements are correctly stated and supported by proper vouchers.Payment of Grant