CHAPTER XIIIFINANCE, ACCOUNTS AND AUDIT
Proceeds of License fee, etc.
54.(1) Subject to the provisions of sub-section (2) of section 40 and sub-section (2) of section 23, the proceeds of the license fee, fee paid under sub-section (5) of section 23, registration fee, amount received by imposition of civil liabilities imposed under this Act and amount of penalties imposed by the Appellate Tribunal shall be credited to the Consolidated Fund of India.
(2) Such portion or percentage of the license fee as may be attributable to the Universal Service Obligation as may be prescribed shall be credited to a separate fund to be called Universal Service Obligation Fund in the public account of India. Communications Commission and Appellate Tribunal Fund
55. (1) There shall be constituted two separate funds to be called the Communications Commission Fund and the Appellate Tribunal Fund and there shall be credited to these funds sums of money paid or grants made by the Central Government to be utilised for the purposes of this Act.
(2) Subject to the provisions of sub-section (1) of section 54, fee receivable by the Commission shall be credited to the Communications Commission Fund, and fee receivable by the Appellate Tribunal shall be credited to the Appellate Tribunal Fund. Grants and application of funds
56. After due appropriation made by Parliament by law, the Central Government, shall credit to the funds referred to in sub-section (1) of section 55 by way of grant, separately for the Commission and for the Appellate Tribunal, adequate sums of money for being utilised for the purpose of this Act, and for meeting the salaries and allowances payable to the Chairperson and Members of the Commission and Chairperson and Members of the Appellate Tribunal and the administrative expenses including the salaries and allowances payable to, or in respect of, officers and other employees of the Commission and of the Appellate Tribunal, as the case may be.
Accounts and audit
57(1) The Commission as also the Appellate Tribunal shall maintain proper accounts and other relevant records and prepare an annual statement of accounts in such form and manner as may be prescribed in consultation with the Comptroller and Auditor-General of India.
(2) The accounts of the Commission as certified by the Comptroller and Auditor-General of India or any other person appointed by him in this behalf together with the audit report thereon shall form part of the annual report of the Commission referred to in sub-section (1) of section 58.
(3) The accounts of the Appellate Tribunal as certified by the Comptroller and Auditor-General of India or any other person appointed by him in this behalf together with the audit report thereon shall be forwarded annually to the Central Government, and that Government shall cause the same to be laid before each House Of Parliament.
Annual Report
58.(1) The Commission shall after the end of each financial year, furnish to the Central Government an annual report on its activities during the preceding financial year and containing such information relating to the proceedings and policy as may be prescribed, and such report shall also contain therein the statement of annual accounts of the Commission.
(2) The Central Government shall cause such report to be laid before each house of Parliament.