Amendment status not verified — confirm the current text below against the official source.
Account and audit.- (1) The annual accounts 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 source and all amount disbursed or paid shall be entered in the accounts maintained by the University. (2) The annual accounts of the University shall be audited every year by an auditor, who is a member of the Institute of Charted Accountants of India. (3) A copy of the annual accounts and the balance sheet together with the audit report shall be submitted to the Board of Governors before 30 th November following close of the financial year in 31 st March of each year. (4) The annual accounts, the balance sheet and the audit report shall be considered by the Board of Governors at its meeting and the Board of Governors shall forward the same to the Visitor and the Government along with its observations thereon on or before the 31 st December of each year.