Amendment status not verified — confirm the current text below against the official source.
(1) The Annual Accounts of the University as Annual prepared by the Finance Committee shall, after examination Accounts,. bythe Syndicate, be subjected to such examination and audit as the State Government may direct. (2) The accounts when audited shall be published by the Syndicate in the Official Gazette and copies thereof shall, together with copies of the audit report, be submitted to the Senate and to the State Government. (3) The University shall have a continuous internal audit and the report of such audit shall be submitted to the State Government as soon as possible after the end of every finan- cial year of the University. Explanation.—In this section, "financial year of the University" means the year ending on the 30th day of June. (4) The Syndicate shall prepare on the recommendation of the Finance Committee before such date as may be pre- scribed by Statutes, the annual financial estimates. (5) The Annual Accounts and the annual financial estimates prepared by the Syndicate shall be presented to the Senate by the Treasurer at its annual meeting and the Senate may pass resolutions with reference thereto and communicate the same to the Syndicate which shall take action in accord- ance therewith. Finance Committee The Academic Council. Constitu- tion of the Academic Council. 16 The Calcutta University Act, 1951. [West Ben. Act ,(Chapter IV.—The Syndicate and the Finance Committee.— Chapter V.—The Academic Council, the Faculties, the Boards of Studies and other Authorities.— Sections 24-26.)