Para 2.6.3 — MSO

Audit of certain authorities or bodies 2.6.3 The audit of bodies and authorities not falling under Section 19 of the Act is governed by Sections 14, 15 and 20. The terms ‘Body’ and ‘Authority’ used in these Sections or Constitution have not been defined therein. However, ‘Authority’ has been interpreted to mean a person or body exercising power or command, while ‘Body’ has been interpreted to mean an aggregate of persons, incorporated or unincorporated. The terms ‘body’ or ‘authority’ used in Sections 14, 15 and 20 of the Act will thus include companies, corporations, etc. and it is open to take up audit of the accounts of a company or corporation, not covered by Section 19 of the Act, under Section 14 or Section 20, if the conditions specified in them are fulfilled.