Annual Accounts

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Statutory text

(a) The annual accounts and the balance sheet of the University shall be prepared under the directions of the Executive Council and shall at least once every year and at intervals of not more than fifteen months be audited by the Director, Local Fund Accounts, Assam or any other auditor that may be appointed by the State Government. The annual accounts when audited shall be published in the Assam Government Gazette and a copy of the annual accounts along with the report of the Director, Local Fund Accounts or the auditor shall be submitted to the Court and the Chancellor along with the observations of the Executive Council. Any observations made by the Chancellor on the annual accounts shall be brought to the notice of the Court and observations of the Court, if any, shall after being considered by the Executive Council, be submitted to the Chancellor.
(b) The annual accounts of the University shall also be submitted to the State Government at the time of its submission to the Chancellor.

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