Amendment status not verified — confirm the current text below against the official source.
Annual accounts and audit.- (l) The annual accounts including balance sheer of rhe Universiry ;hdl be;;;;;"d under the directions of the Board of Management and'the annual accounts shall be audited at lcast oncc in every]€ar by the auditors appointedby the Universily for this purpose. : : ' . : : " . : : ' i ' . - ' - - . (2) A copy of the annual accounts together with the audit reporr shall be submitted to the Board of ManJgement.'--' ' J . (3) A copy of the annual aceounts with the observations ofr lhe Board of submirled to the Sponsoring Body. and audit report along Management shall be 61 .t . sr @2)----- qfq{a.[{ {M-trt, qfd zg, zooe t{'tr a (tn) (4) Copies of annual accounts and balance sheet prepared uud"r. ,ui-.."tion (l) shall aLso be presented .to the Slgle !9y941lrL9$ 'fhe advice of the State Government' 11 any' arlstng outoftheaccountsanoauditreportoftheUniversityshallbe ' -ud of placed befbre the Board of Managemell -^l:",-:"'", "., i,i?""t"-.t"' ,nuri''ir.r" such directions' as it may-deem fit and "o.pi1un"" shall be reported to the State Govemment' 4l' Porvers of the State Government University.- (l) For the purpose of ascertalnrng teaching, examination and tesearch or any otncr ii" u"i,"*itv, the State Government may cause an inspeotron' to ;;;" in,u"h,nunn"t a! may be prescribed' by such perso4"or persons as it nraY deem fit' . {2) The State Govemment shall communicate to the 'University its recommendations in regard to the. result of such insoection for corrective action' The University shall adopt such #;;;; *""*r.t and make efforts so as to ensure the compliance of the recommendations' ' (3) If the Universitv has failed .-t3 ::r.nPly with the recommendations made undei sub-secrion (2) within a reasonable time, the State Govemment may give such directions as it may deenr fit lor such comPliance' '42. Powers of the State Government to call for it intorrntlion.--f l ) The StatP Govemment may call.for information \.'. i"* -- ,it" uni""rritv . rllating to its working' functiops' i.hpni"r,"*"r,o, standard of teaching, examination and research or Jv:"irt"t tl*rs as it may consider necessary to judge the "-iir"i"n"y of the Universiry in such form and within such time as miy be prescribed bY rules.