Amendment status not verified — confirm the current text below against the official source.
(1) As soon as may be after the close of a year the accounts of the University for that year shall be audited by an auditor appointed by the State Govemment or in such other manner as the State Government may direct. (2) The University shall consider the audited annual accounts at a meeting and may take such action thereon as it thinks fit. (3) The budget foreach year shall be presented to and considered by the University at a meeting convened for the purpose not less than one month before the end of the preceding year. (4) Copies of the budget as passed by the University and the audited accounts together with copies of the audit report shall be submitted to the Chancellor and to the State Government. (5) The State Governmentmay require the University to supply to it any information in regard to the accounts and the budget of the University and the University shall comply with such requisition. CHAPTER VIII Statutes and Regulations