Section 52
Annual statement of accounts
of Local Authorities Ordinance, 1996
State OrdinanceIn forceProvision 53 of 182
Section 52
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(1)
The accounts of the local authority shall, as soon as may be, be balanced for the preceding financial year and an annual statement of accounts showing the revenue and expenditure and balance sheet of the Local Authority Fund shall be prepared.
(2)
Copies of such annual statement signed by the Chairman of the local authority shall be laid before the local authority not later than its first ordinary meeting in the month of April following or at any time thereafter as allowed by the Minister.
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