Annual Accounts

Annual Accounts

1. (1) The annual accounts and balance sheet of the University shall be prepared under the direction of the Board of Management and shall, at least once in every year and at intervals of not more than fifteen months, be audited by the auditors appointed by the University.
2. (2) The annual accounts, when audited, shall be published in such manner as may be prescribed and a copy thereof shall be submitted to the Government along with the report of the Board of Management.
3. (3) The University shall submit the annual accounts and balance sheet referred to in sub-section
4. (1) to the Government through the Academic and Audit Committee for their comments and the University shall comply with the observations of the Government, if any.