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48

Budget and accounts

Act: Balochistan Food Authority Act 2014

Section Provisions

ACT VI OF 2014 ACT VI OF 2014 BALOCHISTAN FOOD AUTHORITY ACT, 2014 An Act to provide for the safety and standards of food and for establishment of Balochistan Food Authority. [Gazette of Balochistan, Extraordinary, 7th February, 2014] CHAPTER VI FINANCES AND REPORTS 48. Budget and accounts.---(1) The Food Authority shall maintain proper accounts and other records relating to its financial affairs including its income and expenditures and its assets and liabilities in such form and manner as may be prescribed. (2) After the conclusion of a financial year, the Food Authority, in the manner prescribed, shall cause to be prepared for the financial year statements of account of the Food Authority which shall include a balance-sheet and an account of income and expenditures. (3) The Food Authority shall approve its annual budget for a financial year in the prescribed manner. (4) No expenditure for which provision has not been made in any approved budget shall be incurred without prior approval of the Food Authority.