Article 243Z of CoI : Article 243Z: Audit of accounts of Municipalities.

CoI

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Explanation using Example

Example 1:

Scenario: The State of Maharashtra has passed a law requiring all Municipal Corporations within the state to maintain detailed financial records and submit them for annual audits.

Application: The Pune Municipal Corporation (PMC) is required to keep accurate records of all its financial transactions, including revenue from property taxes, water charges, and other municipal services. At the end of the financial year, PMC must submit these records to an independent auditor appointed by the state government. The auditor reviews the accounts to ensure there are no discrepancies o...

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