Annual Accounts and financial estimate

Education197882 sections12 chapters

Chapter X FINANCE

Statutory text

(1) The annual accounts of the University shall be prepared under the direction of the Executive Council and shall be submitted to the State Government for audit.
(2) The Executive Council shall, after the accounts are audited, submit a copy thereof alongwith a copy of the audit report to the Court and to the State Government.
(3) The Executive Council shall, having regard to the Government grants that are likely to be available prepare before such date as may be prescribed by the Statutes the financial estimates for the ensuing year.
(4) The annual accounts and the financial estimates shall be considered by the Court at its annual meeting and the Court may pass resolutions with reference thereto and communicate the same to the Executive Council which shall take them into consideration and take such action thereon as it thinks fit and finally adopt the accounts and financial estimates.

Study data processing for this section.

PDF: pending for this language.