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The Information Communication Technology Practitioners
(d) the proper maintenance
grounds of the Council;
Bill, 2016
of the buildings and
(e) the maintenance, repair and replacement of the
equipment and other property of the Institute; and
(f)
the creation of such reserve funds to meet future or
contingent liabilities in respect of retirement
benefits, insurance or replacement of buildings or
equipment, or in respect of such other matter as the
Council may deem appropriate.
(3) The annual estimates shall be approved by
the
Council before the commencement of the financial year to
which they relate and shall be submitted to the Cabinet
Secretary for approval and after the Cabinet Secretary's
approval, the Council shall not increase the annual
estimates without the consent of the Cabinet Secretary.
35. (1) The Council shall cause to be kept all proper
books and records of accounts of the income, expenditure
and assets of the Institute.
Books and records
of account.
(2) Within a period of three months after the end of
each financial year, the Council shall submit to the AuditorGeneral the accounts of the Institute together with-
(a) a statement of the income and expenditure of the
Institute during that year; and
(b) a balance sheet of the Institute on the last day of
that year.
(3) The accounts of the Institute shall be audited and
reported upon in accordance with the Public Audit Act,
2015.
36. The Institute may invest any of its funds in
securities, in which for the time being the trustees may by
law invest trust funds, or in any other securities or banks
which the Treasury mal, from time to time, approve for
Investrncnt of
funds.
that purpose.
PART VII -MISCELLANEOUS
37. (l) The Council may, upon consultation with the
Cabinet Secretary, make regulations generally for the better
carrying into effect the provisions of this Act.
(2) Without prejudice to the generality of the
foregoing, the regulations under this Act may-
Regulations.