Amendment status not verified — confirm the current text below against the official source.
(1) The annual accounts shall be submitted to such mounts. and audit, as the Government may direct a d a copy of the annual accounts and audit report shall be submitted to the Government. (2) The University shall settle objections raised in the audit and carry out such instructions as may be issued by the &vemment on the audit report. (3) The Government shall cause the annual accounts and the audit report to be laid before both Houses of Legislature together with their comments. I CHAPTER VI. , CONDITIONS OF SERVICE. Pe~fm, 27, (1) The University shall institute for the benefit mtdty, eta. of its oficers, teachers and other .persons employed in the university such pension, gratmty, insurance and provident 1978 : T.N. Act %If Anna Universiby 843 fund as it may deem fit, h such manner and subjwt to such conditions, as may be prescribed. (2) Where the University has so instituted a provi- dent fund under sub-section (1) the Government may declare that the provisions of the Provident Funds Act, 1925 (Central Act XIX of 1925) shall apply to such fund as if the University were a local authority and the fund a Government Provident Eund. (3) The University may, in consultation with the Finance Committee, invest the provident fund amount in such manner, as it may determine.