The Ministry of Skill Development, Entrepreneurship, Youth Affairs and Sports has asked the IOA and the National Sports Federations (NSFs) to place their audited annual accounts and their balance sheet on their website by 30th June of every year for the accounts relating to the previous financial year. IOA and the NSFs are required to get their accounts audited by Chartered Accountants on the panel of the CAG. In a communication sent to the all concerned, the Ministry said, failure to follow the instructions may entail stoppage of financial assistance, non renewal of recognition etc.
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