The Budget-

39. The Budget- (1) Notwithstanding anything contained in this Act or in Statutes, Ordinances, or Regulations made thereunder, the University shall send the budget for the ensuing financial year to the State Government at least two months before the end of the current financial year. The University shall show therein the estimates of receipts and disbursements for the ensuing year. The State Government may issue necessary direction as it may deem fit. (2) The University shall send a supplementary budget to the State Government at any time during the current financial year and the State Government may issue necessary direction as it may deem fit.