Amendment of section 47

Amendment of section 47.-- In section 47 of the principal Act,--

1. (i) for sub-section (2), the following sub-section shall be substituted, namely:-- "(2) the annual accounts of the University shall be submitted by the Vice-Chancellor to the Government, who shall cause an audit to be carried out by the Accountant General or the Director of Local Fund Audit as they may appoint in this behalf.";
2. (ii) for sub-section (4), the following sub-section shall be substituted, namely:-- "(4) The Executive Committee shall submit a copy of the accounts and audit report to the Government along with a statement of action taken by the University on the audit report for the financial year ending on 31st March of the year, on or before the 1st day of March of the succeeding year and on such receipt the Government shall immediately cause the same to be laid on the table of the Legislative Assembly if it is in session, and if it is not in session in the next session immediately following such receipt."