Section 32: Budget, annual accounts, annual report and returns

32. Budget, annual accounts, annual report and returns (1) The budget of the Bank in respect of a financial year shall be determined by the Board not later than 15 June immediately preceding that financial year. (2) The annual accounts of the Bank shall be established in a transparent manner to ensure true and complete data on the financial status of the Bank. (3) The Bank shall, not later than 4 months after the close of its financial year, cause to be made and submit to the Minister a copy of the annual accounts certified by the auditors together with a report on its operations during that year. (4) The Minister shall, at the earliest available opportunity, lay a copy of the annual report and audited accounts before the National Assembly. (5) The Bank shall, as soon as may be practicable, after the last working day of each month, prepare and publish a return of its assets and liabilities as at the close of business on that day. B2 – 17 [Issue 9] Bank of Mauritius Act (6) A copy of the return referred to in subsection (5) shall be submitted to the Minister. (7) The Bank shall cause to be published in the Gazette— (a) a copy of the audited accounts referred to in subsection (4), not later than 6 months after the close of its financial year; and (b) a copy of the return referred to in subsection (5). [S. 32 amended by s. 3 (b) of Act 14 of 2005.]