Amendment status not verified — confirm the current text below against the official source.
The Council shall make regulations relating to meetings of the Council, of any Board of Studies or of any Committee constituted by the Council and the procedure to be followed at such meetings. CHAPTER VII Finance and Audit Annual 25. (1) The President shall place before the annual meeting of the Report. Council held in the year following the year in which it is constituted and before every annual meeting thereafter a report on the working of the Council during the last preceding financial year. (2) The report shall be forwarded to the State Government within one month of its presentation before the annual meeting of the Council together with such comments thereon as the Council may think fit to make. Budget. 26. (1) The President shall place before every annual meeting a budget estimate showing in such form as may be prescribed, the anticipated income and expenditure of the Council during the financial year in which the annual meeting is held. (2) The budget estimate shall after confirmation by the Council be forwarded to the State Government within such time as may be prescribed. (3) (a) The State Government shall within three months of the receipt of the budget estimate either accord its approval to the same or return it to the Council with such comments and suggestions as it deems necessary if in its opinion such estimate— (i) is not reasonably accurate with reference to ascertainable facts or shows a deficit in its closing balance; 72 The West Bengal Council of Higher Secondary Education Act, 1975. VIII of 1975.] (Chapter V1L—Finance and Audit. Section27.) (ii) includes new items of recurring expenditure which are likely to impose upon the Council in the future financial liabilities which the Council is not likely to be able to meet from its income; and (iii) includes provisions for expenditure which are not in accordance with the provisions of this Act. (b) If the budget estimate is returned under clause (a), the Council shall consider the comments and suggestions made by the State Government and may, if it thinks fit, revise the said estimate. The Council shall then submit the budget estimate as so revised to the State Government, or, the Council shall, if it does not think fit to revise the estimate, submit it in its original form to the State Government within one month of receiving it together with its replies on the comments and suggestions made by the State Government. (c) If the State Government does not approve of the budget estimate as revised by the Council or if the budget estimate is returned by the Council without revision, the State Government may amend the budget estimate by making— @ such modifications as are in its opinion necessary to render the estimate reasonably accurate with reference to ascertainable facts or to balance the income and expenditure; (ii) additions, alterations or modifications in any provision relating to new expenditure of a recurring nature; (iii) any alteration or modification in any provision for expenditure which, in its opinnin, is not in accordance with the provisions of this Act; and shall forward the budget estimate as so amended to the Council and the budget estimate so returned shall be the budget estimate of the Council for the relevant year. (4) If the State Government does not accord its approval to the said- estimate within three months of the receipt thereof for such approval or within three months of the resubmission thereof with or without revision, the said estimate shall be deemed to have been approved by the State Government.