law: National Bank for Agriculture and Rural Development Act, 1981 
  48. Audit.-
  1.     
  
    The
  
  accounts of the National 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 in consultation
  
  with the Reserve Bank, 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
  
  National 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 National Bank and shall at all reasonable times
  
  have access to the books, accounts, vouchers and other documents of the
  
  National Bank.
  3.     
  
    The
  
  auditors may, in relation to the accounts of the National Bank, examine any
  
  director of the Board or any officer or other employee of the National Bank and
  
  shall be entitled to require from the Board or officers or employees of the
  
  National 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 National 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 National Bank and in case
  
  they had called for any explanation or information from the Board or any
  
  officer or other employee of the National Bank, whether it has been given and
  
  whether it is satisfactory.
  5.     
  
    The
  
  National Bank shall furnish to the Central Government and the Reserve Bank
  
  within four months from the date on which the annual accounts of the National
  
  Bank are closed and balanced, a copy of its balance-sheet as on the close of
  
  that year together with a copy of the profit and loss account for the year and
  
  a copy of the auditors' report and a report of the working of the National 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 and cause the copies of the said balance-sheet, profit and loss
  
  account and auditors' report to be published in the Official Gazette.
  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 National Bank and any
  
  expenditure incurred by him in connection with such examination and report
  
  shall be payable by the National Bank to the Comptroller and Auditor General of
  
  India.