Amendment status not verified — confirm the current text below against the official source.
(I) The ChiefAccounts and Finance Officer shall get the annual budget of the University prepared alongwith the requisite documents and submit the same to the Finance Committee for its approval. The ChiefAccounts and Finance Officer shall also get the accounts ofthe annual income and expenditure of the University prepared and get the same audited from the Chartered Accountant soappointed by the Finance Committee in this regard. (2) The budget approved by the Finance Committee alongwith the note with regard to the audit of income and expenditure of the University, referred to in sub— section (I), shall be placed before the Chancellor for its approval. (3) The Finance Committee shall tender advice to the Chancellor on financial matters ofthe University.