Audit of Annual Accounts

Education202558 sections

Statutory text

(1) The accounts of the University shall, once at least in every year and at the intervals of not more than fifteen months be audited by the Comptroller and Auditor General and such audit report shall be placed before the Assam Legislative Assembly.
(2) The annual accounts and balance sheet of the University shall be prepared under the direction of the Executive Council and shall be submitted to the Chancellor for the purpose of Audit.
(3) The accounts when audited by the Comptroller and Auditor General shall be submitted through the Executive Council, to the University Court, the Chancellor and to the State Government and thereupon, the State Government shall publish the same in the Official Gazette. The Executive Council shall also submit to the Court on or before such date as may be prescribed by the Statutes, a statement of the financial estimates for the ensuring year.
(4) The annual accounts and the final estimates shall be considered by the Court at its annual meeting and the Court may pass resolutions thereon and communicate the same to the Executive council.

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