Amendment status not verified — confirm the current text below against the official source.
(1) The accounts of the Council shall be maintaiaed in such manner Annual Accounts and in such form as may be prescribed: The-Coflncil shall prepme an annqalqand audit. statemenb of accounts in such form tq may be prescribed. .. < (2) The accountsr of the Council shall be audited atleast once in n year by such auditor ,as the Government may appoint in this behalf.' . 9 (3) The auditor appointed under sub-section (2) shall, -for purposes s . . +, of audit, have such rights, privileges and authority as niily be prescribed. , 7 . . I . '\ (4) 'The kembe<-~e&etar~ to thb Council shall cause the. audit &ort to be printed and forwq!rd a prihted copy thereof, to eadh hnembey and shall \/I place, such report .befo,wLtlre-Council for>consideration at its next meeting. + . . , . . , . . , , , .. (5) The Council shall take appropriate action fortl~wiih io remedy any defect or isregularity that r q y be pointed out. in the audit report.. (6) The accorurts of the Council as ecrlified by the audikr together with the audit reparb along with the romrks rxl the Council ibejeon-~Jiall be forwarded to the Government within .such timc as may be prewrihed. ' (7) The ~overnme& m y , jy order in writing, direct the Council lo take such action as may be specified in the order to remcdy, within such tinie as may -be specified thereih tlae defecb, if any, disclosed in the audit report, and the Council shall comply with such direction. , 16. 'Chi: Coundl &dl, as soon aq may' be, after the end aS eanh financiztl Annual mW& year, prepare and submit to the Ctovernment, 1~efoi.e huch d&te atdVin.mt.h for111 ab may he a repopt giving an awount of .its aotivities dutinq tikc pleviours ycar end the report &dl also give an account of tha ~pctivitics, if any, which are likely to be undertaken by the Council in the next fmmcial year and the Government shall cause every latch reporb to ba laid before the Legislative Assembly as so09 as may be after its receipt. A copy of -the dhnual report 's%dl a h be fonvarded to the University Ura~tq Canmiesion. , .