section 74
Annual financial estimates
Laxminarayan Innovation Technological (LIT) University, Nagpur Act, 2023Education202388 sections12 chapters
Chapter X UNIVERSITY FUNDS, ACCOUNTS AND AUDIT
Statutory text
- (1) The annual financial estimates (budget) of the University for ensuing financial year shall be prepared by the Finance and Accounts Officer under the direction of the Finance and Accounts Committee, at least two months before the commencement of the financial year.
- (2) The Finance and Accounts Officer shall thereafter forward copies of the annual financial estimates (budget) to the Board of Governance for its approval and then shall send the same to the Chancellor and the State Government.
- (3) The financial year of the University shall be the same as that of the State Government.
Study data processing for this section.
PDF: pending for this language.