Amendment status not verified — confirm the current text below against the official source.
(1) fhe annual accounts including balance sheet of the university shall be prepared under the directions of the Board of Management and the annual accounts shall be audited at least once in every year by the auditors appointed by the university for this purpose. (2) A copy of the annual accounts together with the audit report shall be submitted to the Governing Body. (3) A copy of the annual accounts and audit report alongwith the observations of the Governing Body shall be submitted to the sponsoring body. (4) Copies of annual accounts and balance sheet prepared under 1 >i!oawai balictab udt <>ni)moqio>m subsection (I) shall also be presented to the Visitor and the State Government. The advice of the Government or the Visitor, if any, ■ ■ \ mao arising out of the accounts and audit report of the university shall be ’’ o i - I : :■ ■ i im f f ic ■■ .. placed before the Governing Body, fhe Governing Body shall issue * J l r . i J / 1) : I ; J I f J C i i ' / ’. I j J l M / I ' / i l f x j LJ11 V ; 1,1 such directions, as it may deem 111 and compliance shall be reported to the Visitor or the Government, as the case may be. Powers of the State Government to inspect the university