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[Cites 0, Cited by 0] [Section 118] [Entire Act]

State of Bihar - Subsection

Section 118(1) in The Bihar Municipal Act, 2007

(1)All Sinking Funds established under this Act shall be subject to annual examination by the auditor appointed under Section 90, who shall ascertain whether the cash and the value of securities belonging to such Sinking Funds are equal to the amount which should be at the credit of such Sinking Funds, had the investment under Section 113 been regularly made and had the interest accruing from such investments been regularly obtained.