law: The Indian Council of World Affairs Act, 2001
  20. Accounts and
  
  audit.-
  1.  
  
    The
  
  Council shall maintain proper accounts and other relevant records and prepare
  
  an annual statement of accounts including the balance-sheet in such form as the
  
  Central Government may, by rules, prescribe and in accordance with such general
  
  directions as may be issued by that Government, in consultation with the
  
  Comptroller and Auditor-General of India.
  2.  
  
    The
  
  accounts of the Council 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 Council 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 Council 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 office or offices of t e Council.
  4.  
  
  
  
    The
  
  accounts of the Council 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.