law: The Petroleum and Natural Gas Regulatory Board Act, 2006
  40. Accounts and
  
  audit.-
  1.  The
  
  Board shall maintain proper accounts and other relevant records and prepare an
  
  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. Explanation.-For the removal of
  
  doubts, it is hereby declared that the decisions of the Board taken in the
  
  discharge of its functions under this Act, being matters appealable to the
  
  Appellate Tribunal, shall not be subject to audit under this section.
  3.  The
  
  Comptroller and Auditor-General of India or 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 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 inspection of 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.