Amendment status not verified — confirm the current text below against the official source.
(1) The annual accounts and balance-sheet of the Uni versity shall be prepared under the direction of the Executive Council and shall be submitted to the Chancellor for the purpose of audit. (2) The accounts when audited shall be published by the Executive Council in the Assam Gazette, and copies thereof shall, together with copies of the audit report, if any, be submitted to the Court and to the Chancellor. The Executive Council shall also submit to the Court, on or before such date as may be prescribed by the Statutes, a statement of the firiancial estimates for the ensuing year. (3) The annual accounts and the financial estimates shall be considered by the Court at its annual meeting, and the Court may pass resolutions thereon and communicate the same to the Executive Council.