Amendment status not verified — confirm the current text below against the official source.
(1) The State Government shall h?ve the right to eausean" inquiry to 'be made, •by such person or persons as· it may direct; and to issue directions to the University,'in respect' of any matter connected with the finances of the University, where .State Gov,ernment funds are concerned. . '" I ' · (2) If the State'Govemmeatis: satisfied that owing to ' mal-administration or financial mismanagement; in the , University, a situation has arisen whereby financial, stability of the University has become insecure, it may, by a notification. declare that the finances of the· University shall ' . . be subject to the control of the State Government and shall issue •such other directions as it: may deem fit for the purpose , - I ·, ' • and the same shall be binding on the University; I