law: The Small Industries Development Bank of India Act, 1989 
  30. Audit 
  1.     
  
    The
  
  accounts of the Small Industries Bank shall be audited by auditors duly
  
  qualified to act as auditors under sub-section (1) of section 226 of the
  
  Companies Act, 1956 (1 of 1956) who shall be appointed by the Development Bank
  
  for such term and on such remuneration as the Development Bank may fix.
  2.     
  
    The
  
  auditors shall be supplied with a copy of the annual balance-sheet of the Small
  
  Industries Bank and it shall be their duty to examine it together with the
  
  accounts and vouchers relating thereto and they shall have a list delivered to
  
  them of all books kept by the Small Industries Bank and shall at all reasonable
  
  times have access to the books, accounts, vouchers and other documents of the
  
  Small Industries Bank.
  3.     
  
    The
  
  auditors may, in relation to such accounts, examine any Director or any officer
  
  or other employee of the Small Industries Bank and shall be entitled to require
  
  from the Board or officers or other employees of the Small Industries Bank such
  
  information and explanation as they may think necessary for the performance of
  
  their duties.
  4.     
  
    The
  
  auditors shall make a report to the Small Industries bank upon the annual
  
  balance-sheet and accounts examined by them and in every such report they shall
  
  state whether in their opinion the balance-sheet is a full and fair
  
  balance-sheet containing all necessary particulars and property drawn up so as
  
  to exhibit a true and fair view of the state of affairs of the Small Industries
  
  Bank and in case they had called for any explanation or information from the
  
  Board or any officer or other employee of the Small Industries Bank whether it
  
  has been given and whether it is satisfactory.
  5.     
  
    The
  
  Small Industries Bank shall furnish to the Central Government and the
  
  Development Bank within four months from the date on which its accounts are
  
  closed and balanced, a copy of its balance-sheet and accounts together with a
  
  copy of the auditors' report and a report of the working of the Small
  
  Industries Bank during the relevant year, and the Central Government shall, as
  
  soon as may be after they are received by it, cause the same to be laid before
  
  each House of Parliament.