Annual Accounts and Audit

(1) The annual accounts of the University shall be prepared under the direction of the Executive Council. (2) The accounts of the University shall be audited at least once in every year by the Local Fund Account Auditor of the State at intervals of not more than 15 months. (3) The State Government shall have the power to give directions for a specific audit of the accounts. (4) A copy of the audited accounts and the audit report along with it shall be submitted by the Executive Council to the State Government and shall be laid on the table of the Legislative Assembly.