Amendment status not verified — confirm the current text below against the official source.
Accounts and Audit: (1) The AnnualAcbounts and Balance Sheet of the University shall be prepared under the direction of the Board of Management and all funds accruing to or received by the University from all sources and all amount disbursed or paid shall be entered in the accounts maintained by the University. (2) Chartered Accountant, who is member of the lnstitute oi.Chartered, Accountants of lndia, to be appointed by the Board of Governors on mutually agreeable terms, shall audit the Annual Accounts of the Universlty. (3) Acopy oftheAnnualAccounts and the Balance Sheet togetherwith theAudited Report shall be submitted to the Board of Governors on or before November 30th following close of the financialyearin March 3 lst of each year. (4) The AnnualAccounE, the Balance Sheet and theAudit Report shall be considered by the Board of Governors at its meeting and the Board of Govemors shall foruard the same to the State Govemment along with its observations thereon before December 31st of each yeat (5) The Sate Govemment in the Official Gazette shall publish the audited accounts of the Universitytogetherwith the auditor's report and copies thereof shall be placed before the Legislature of the State at their next earliest session. 366