4
Chapter II
Directorate General
19. The Office shall be directed and administered by a Director General appointed by
order in Council of Ministers on a proposal by the Minister responsible for industry.
20.—(1) The Director General shall be generally responsible for achieving the aims of
the Office in compliance with the directives given by the Administrative Council. He shall be
responsible, amongst other things, for:
— carrying out the program of activities and executing the decisions of the
Administrative Council;
— representing the Office in court and with respect to other parties;
— organizing the services of the Office and defining their tasks;
— preparing and executing the budget of the Office;
— drawing up the financial accounts and the report on the technical execution of the
program of activities at the end of each period;
— drawing up and concluding contracts, conventions and agreements in the name of
and on behalf of the Office.
(2) The Director General shall also enjoy those powers delegated to him by the
Administrative Council.
Title III
Financial and Accounting Organization
21. The financial year of the Office shall begin on January 1 and shall end on
December 31.
22. The Office shall possess an autonomous budget executed by the Director General of
the Office, the administration of which shall be subject to the rules of commercial accounting
and the applicable general accounting plan.
23. A sliding account of forecast results over three years, an annual account of forecast
results, an annual forecast treasury account and the annual forecast of income and expenditure
shall be drawn up by the Director General and submitted to the Administrative Council for
approval.
24.—(1) The annual account of forecast results, the annual forecast treasury account
together with the annual forecast of income and expenditure shall be communicated for
approval to the supervisory Ministries one month before the opening of the financial period
for which they have been drawn up.
(2) These accounts and statements shall be deemed accepted if they have not been
approved by December 31 of the current year.
25. The funds of the Office shall be deposited in bank or postal accounts. The Director
General shall be responsible for administering such accounts.