National Commission for Homoeopathy (Annual statement of accounts, submission of Annual Report and other Reports and statements) Rules, 2021

Mar 09, 2021 | by TeamLease RegTech Legal Research Team

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Industry Specific ComplianceThe Ministry of Ayurveda, Yoga and Naturopathy, Unani, Siddha and Homeopathy on March 02, 2021 has issued the National Commission for Homoeopathy (Annual statement of accounts, submission of Annual Report and other Reports and statements) Rules, 2021 under the National Commission for Homoeopathy Act, 2020. 

The following provisions have been made: 

• The Commission shall maintain its accounts and prepare annual financial statements in accordance with the instructions and accounting principles issued by the Comptroller and Auditor-General of India from time to time in this regard.

• Every officer of the Commission incurring or authorising expenditure from the National Commission Fund for Homoeopathy shall be guided by the standards of financial propriety and the General Financial Rules, 2017.

• At the end of a period of twelve month ending with the March 31 of every year, the Commission shall prepare the following annual financial statements, along with necessary schedules, notes on accounts and significant accounting policies in accordance with the notes and instructions for compilation of financial statements prescribed by the Central Government in the Ministry of Finance, Controller-General of Accounts, as modified and annexed to these rules in Form A. 

• The Commission shall submit the following information annually by the June 30 of every year in a portable document format (PDF) by electronic mode and forward two hard copies of the same by speed post to the Joint Secretary to the Government of India in-charge of the affairs of the National Commission for Homoeopathy in the Ministry of AYUSH. 

• The Commission shall prepare once in every year an annual report in respect of the matters specified in Form B of the Schedule annexed to the rules.

[Notification No. G.S.R 146 (E)]


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