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15

Audit and accounts

Act: Balochistan Provincial Employees Group Insurance Act 2009

Section Provisions

ACT X OF 2009 ACT X OF 2009 BALOCHISTAN PROVINCIAL EMPLOYEES GROUP INSURANCE ACT, 2009 An Act to provide for establishment of a Board for the common benefit of the Provincial employees of the Government and to provide for their group insurance and the matters connected therewith or ancillary thereto [Gazette of Balochistan, Extraordinary, 3rd November, 2009] No.PAB/Legis:V(9)/2009, dated 3-11-2009.---The Balochistan Provincial Employees Group Insurance Act, 2009 having been passed by the Provincial Assembly of Balochistan on 20th October, 2009 and assented to by the Governor, Balochistan on 28th October, 2009 is hereby published as an Act of the Provincial Assembly. Preamble.---Whereas, it is expedient to provide for establishment of the Balochistan Provincial Employees Group Insurance to regulate the Group Insurance of the Provincial employees of the Government of Balochistan and to promote and protect their legitimate interest in the same and to provide for their group insurance and the benefits attach therewith; It is hereby enacted as follows:-- CHAPTER - IV GENERAL PROVISIONS 15. Audit and accounts.---(1) The accounts of the Insurance Fund shall be maintained in such form as in such manner as the Board may from time to time, direct and by such officer(s) as the Board may appoint. (2) The accounts of the Insurance Fund shall be audited by Local Fund Audit or Auditor-General of Pakistan or any registered Chartered Accountant as the Board may decide. (3) Audit Report of the Accounts shall be submitted to the Board for appropriate action.