Section 10: Annual report.

(1) The Board shall prepare and submit to the Minister not later than the end of each financial year a report in such form as the Minister may direct on the activities of the Institute during the immediately preceding financial year, and shall include in the report a copy of the audited accounts of the Institute for that year and of the auditors' report on the accounts.
(2) The Minister shall submit the report and recommendations made by him thereon to the President.