Amendment status not verified — confirm the current text below against the official source.
(1) The Finance Officer shall prepare before such date as may be prescribed by the statutes the financial estimates for the ensuring financial year along with the annual accounts whether audited or not, of the preceding financial year and after they are considered by the Finance Committee submit them to the *[Executive Council] for approval. (2) The Government shall fix the block grant for the University normally for a period of five years: