Section 22 in The Punjab School Education Board Financial Regulations, 1979
22. [ [Substituted vide Board vide item No. 4(2) dated 6.8.1987.]
The Deputy Secretary (Finance and Accounts) shall be responsible for preparing annually Income and Expenditure Statement showing in detail the state of each of these accounts (and also the balance sheet) which shall be checked and countersigned by the Audit Officer. The Statement and the Balance-sheet shall be submitted by the Secretary through the Finance Committee. After the approval of the Board a copy of the annual audited accounts (together with balance-sheet) shall then be submitted by the Secretary to the State Government as required by Section 17(17) of the Act.]
