Article 8 - BOOKS OF ACCOUNT, FUNDS AND AUDIT

Clause A - BOOKS OF ACCOUNT

Section 1	The Central Executive Council, the Regional Executive Councils, and Branch Councils shall maintain account of assets, credits and liabilities of the General body, Regional Bodies, and Branches of the Guild, respectively.
Section 2	For the purpose of opening and closing of books of accounts of the Guild, year shall begin on 1st of April and end on 31st of March of each year. All accounts of the Guild shall be closed on 31st of March each year.
Section 3	All Regional Councils shall submit the statements of accounts along with membership list, subscription details and counterfoils of the used receipt books to the Central Executive Council, within 20 days of the closing of accounts i.e. by 20th of April of the year.
Section 4	All Branch Councils shall submit the statements of accounts along with membership list, and subscription details, to the Regional Executive Council within 10 days of the closing of accounts i.e. by 10th April of the year.
Section 5	On receipt of the accounts from all the Regional Councils, Central Executive Council shall prepare and circulate accounts of the Guild for the past year by 15th May of the year.

Clause B - FUNDS

Section 1

Guild shall have a consolidated fund to be operated as prescribed in the Constitution at the CHQ, RHQ and Branch level and shall be utilised as per provisions of the constitution.

Clause C - AUDIT

Section 1	Once in every year, the accounts of the Guild shall be audited.
Section 2	Any two members nominated by the Branch shall audit accounts of the Branch. These members shall not be members of the Branch Council concerned.
Section 3	Any two members nominated by the Regional Body shall audit accounts of the Region. These members shall not be members of the Regional Council concerned.
Section 4	Accounts of the Guild maintained by Central Executive Council shall be audited in accordance with the provisions of the Central Trade Union Regulations, 1938 (as amended from time to time).