Reports and audited accounts to be forwarded annually to the Financial Secretary

(5) The funds of the Board shall be paid into a bank or banks approved by resolution of the Board and shall so far as is practicable, be so paid from day to day, Provided that officers of the Board generally or specially authorised in that behalf by resolution of the Board may retain in their hands sums to meet petty disbursements or for immediate payment in accordance with the terms of the resolution. (6) Cheques on any banking account of the Board shall be signed by an officer of the Board generally or specially authorised in that behalf by resolution of the Board and shall be countersigned by the Chairperson. (7) The Board may from time to time arrange for the interim investment of any portion of its funds in such securities as may be approved by the Financial Secretary. (8) Subject to this Act and of any regulations made there under the Board shall have power by resolution to provide for all matters of administration and procedure. 11. The Board shall forward to the Financial Secretary as soon as possible after 31st March of each year and not later than 30th June of the same year, a report upon the administration of the affairs of the Board during the year together with a balance sheet and statement of revenue and expenditure approved and signed by the Auditor General or such other auditor as may be approved by the Minister. The report, balance sheet and statements of revenue and expenditure shall be laid by the Minister before the National Assembly. 12