law: Export-Import Bank of India Act, 1981
  24. Audit.-
  1.  
  
    The
  
  accounts of the Exim 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 Central Government for such term and on
  
  such remuneration as the Central Government may fix.
  2.  
  
    The
  
  auditors shall be supplied with a copy of the annual balance-sheet of the Exim
  
  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 Exim Bank and shall at all reasonable times have access to
  
  the books, accounts, vouchers and other documents of the Exim Bank.
  3.  
  
    The
  
  auditors may, in relation to such accounts, examine any director or any officer
  
  or other employee of the Exim Bank and shall be entitled to require from the
  
  Board or officer or other employee of the Exim 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 Exim 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 properly drawn up so as to exhibit a true and fair
  
  view of the state of affairs of the Exim Bank and in case they had called for
  
  any explanation or information from the Board or any officer or other employee
  
  of the Exim Bank whether it has been given and whether it is satisfactory.
  5.  
  
    The
  
  Exim Bank shall furnish to the Central Government 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 Exim 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.
  6.  
  
    Without
  
  prejudice to anything contained in the preceding sub- sections, the Central
  
  Government may, at any time, appoint the Comptroller and Auditor-General of
  
  India to examine and report upon the accounts of the Exim Bank and any
  
  expenditure incurred by him in connection with such examination and report
  
  shall be payable by the Exim Bank to the Comptroller and Auditor-General of
  
  India.