Amendment to Section 23

In the principal Act, in Section 23,─

1. (a) in sub-section (1), the following proviso shall be added, namely:─ “ Provided further that all amounts received/generated by the University shall be audited by the Comptroller and Auditor General of India.”;
2. (b) after sub-section (1), the following sub-sections shall be inserted, namely:─

“(1-a ) A copy of the annual accounts together with the audit report thereon and

its compliance shall be submitted to the Chancellor, Senate along with the observation of the Syndicate. ‘ Provided that in case it is observed that the action of the officiating or of

any former Vice- Chancellor has caused pecuniary loss to the University and/

or to the State Government then the Chancellor, by order in writing, direct the University to take action for recovery of pecuniary loss from the concerned Vice-Chancellor or former Vice-Chancellor after giving due opportunity of being heard, following provisions of OPDR Act as land revenue.’ (1-b ) A copy of the annual accounts together with the audit report, as submitted to the Chancellor, shall also be submitted to the State Government, which shall, as soon as may be, cause the same to be laid before the Odisha Legislative Assembly for a total period of fourteen days which may be comprised in one or more sessions. Appropriate matters relating to audit compliance may be placed before the Public Accounts commettee of the Odisha Legislative Assembly as deemed proper.”

1. (c) for sub-section (2), the following sub-section shall be substituted, namely:─

“(2) The University shall, within thirty days of audit reports from Local Fund Audit or

Comptroller and Auditor General shall render necessary compliance to all quarters and all the audit reports along with the compliances shall be displayed in the website of the University for three years for information of all concerned. ”

1. (d) after the sub-section (3), the following sub-section shall be inserted, namely:─ “(4) The University shall make necessary provision for pre-audit, internal audit of its funds from empanelled audit firms. The State Government shall have power to engage the empanelled audit firms for the purpose, if the University fails to do so and the cost for the same will be borne by the University concerned.”