law: National Institute of Pharmaceutical Education and Research Act, 1998
  23. Accounts and audit
  (1) The Institute shall maintain proper
  
  accounts and other relevant records and prepare an annual statement of
  
  accounts, including the balance-sheet, in such form as may be specified. in
  
  accordance with such general directions as may be issued by the Central
  
  Government in consultation with the Comptroller and Auditor-General of India.
  (2) The accounts of the Institute shall be
  
  audited by the Comptroller and Auditor-General of India and any expenditure
  
  incurred by him in connection with such audit shall be payable by the Institute
  
  to the Comptroller and Auditor-General of India.
  (3) The Comptroller and Auditor-General of
  
  India and any person appointed by him in connection with the audit of the
  
  accounts of the Institute shall have the same rights, privileges and authority
  
  in connection with such audit as the Comptroller and Auditor-General of India
  
  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 the offices of
  
  the Institute.
  (4) The accounts of the Institute 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.