Section 44 in Grant-in-Aid Code of the Tamil Nadu Educational Department
44. Financial statement.
- The management shall submit to the Director, not later than 1st May, a financial statement in the prescribed form (Appendix 'F') which should bear the counter-signature of a competent auditor not in any way connected with the institution. The auditor should certify to the receipt and expenditure being correctly stated and supported by proper vouchers. The decision of the Director as to whether any person is a competent auditor will be final.
