law: Securities and Exchange Board of India Act, 1992
  15.Accounts and
  
  audit.-  
  (1) The Board shall
  
  maintain proper accounts and other relevant records and prepare and annual
  
  statement of accounts in such form as may be prescribed by the Central
  
  Government in consultation with the Comptroller and Auditor-General of India.
  (2) The accounts of
  
  the Board shall be audited by the Comptroller and Auditor-General of India at
  
  such intervals as may be specified by him and any expenditure incurred in
  
  connection with such audit shall be payable by the Board to the Comptroller and
  
  Auditor-General of India.
  (3) The Comptroller
  
  and Auditor-General of India and any other person appointed by him in
  
  connection with the audit of the accounts of the Board shall have the same
  
  rights and privileges and authority in connection with such audit as the
  
  Comptroller and Auditor-General generally has in connection with the audit of
  
  the Government accounts and, in particular, shall have the right to demand the
  
  production of books, accounts, connected vouchers and other documents and
  
  papers and to inspect any of the offices of the Board.
  (4) The accounts of
  
  the Board 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.