Amendment status not verified — confirm the current text below against the official source.
Annual Report. - The annual report of the constituent Institute shall be prepared under the directions of the 51[Institute Management Council] and shall be submitted to the Governing Council on or after such date as may be prescribed by the Statutes and the Governing Council shall consider the report in its meeting. 52[A consolidated Annual Report shall also be prepared for the University and submitted to the State Government, after the approval, of Governing Council.] 53[23. Annual Accounts & Finance Matters - (1) The annua! accounts of the University for the preceding financial year shall be submitted by the Governing Council to the Government, before the end of the financial year. The Government shall cause an audit to be made by such person, as it may appoint in this behalf. The accounts when audited shall be printed and copies thereof shall, together with the copies of the audit report, be submitted by the Governing Council to the Government with its comments. The Government shall as soon, as may be after the receipt of the audit report, cause the audit report together with the comments of the Council to be laid before each House of the State Legislature. (2) The University may accept funds from the Government of India, the State Government, the University Grants Commission, and borrow money from a Bank or a Corporation, for the purposes of the University. (3) The University shall not, without the prior approval of the Government, divert earmarked funds for other purposes or upgrade any post or revise the scales of pay of its staff or implement any scheme which involves any matching contribution from the Government or create a post or posts resulting in a recurring liability on the Government either immediately or in future: Provided that for the existing teaching purposes the Governing Council may authorise the creation and filling up of posts of teachers for a period not exceeding one year but any such poster posts shall not be continued or created afresh for any period beyond the said period of one year without the prior approval of the Government. (4) The terms and conditions including the pay and allowances for the officers of the University, including the Constituent Institutes, shall be as notified by the Government from time to time.] 54[23A. Inspection and Inquiry: (1) The Government shall have the right to cause an inspection to be made by such person or persons as it may direct of the University, its buildings, laboratories, libraries, museums, workshops and equipment and of any institutions maintained by or affiliated to the university and also to cause an inquiry to be made, into the teaching and other work 50 . inserted by the Act No.3 of 2024,S.23 51 . Substituted by the Act No.3 of 2024,S.24 52 . Added by the Act No.3 of 2024,S.24 53 . Substituted by the Act No.3 of 2024,S.25 54 . inserted by the Act No.3 of 2024,S.26 conducted or done by the University in respect of any matter connected with the University. The Government shall in every case give notice to the University of its intention to cause such inspection or inquiry to be made and the University shall be entitled to be represented thereat. (2) The Government shall forward to the Vice-Chancellor a copy of the inspection report for obtaining the views of the Governing Council and on receipt of such views, the Government may tender such advice as they consider necessary and fix a time limit for action to be taken by the University. (3) The Governing Council shall, within such time as the Government may fix, report to them through the Vice- Chancellor the action which has been taken or is proposed to be taken on the advice tendered by them. (4) The Government may, where action has not been taken by the University to their satisfaction, within the time fixed and after considering any explanation furnished or representation made by the Governing Council issue such directions as they may think fit and the University shall comply with such directions.]