Amendment status not verified — confirm the current text below against the official source.
f 1J The annual accounts of the University shall be prepared by the Finance and Accounts Officer under the direction of the Board and all monies accruing to, or received by the University, from whatever sources and all amounts disbursed and paid by the University shall be entered in the Books of Accounts. (2) The accounts of the University shall, at least once in every year and at interval of not more than fifteen months, be by Local Audit. (33 All reports on audit made under sub-section (2J shall, as soon as may be after they are received from the Examiner of Local Accounts, be laid before the State Legislature for a total period of fourteen days which may be comprised in one or more sessions. _ __________ THE ASSAM GAZETTE EXTRAORDINARY. MAY25 _201J___________ . J333 (4) The Government shall have power to conduct special audit if required in respect of utilization of funds and the University shall comply with the directions issued by U Government on such audit. (5) The University shall forthwith rectify any defect or irregularity pointed out by the auditors and report the action taken to the Government. Annual Report