State Government.

(1) The accounts of the University shall be audited at least once in every year and in any case within six months of the closing of the financial year by the auditors appointed by the Board from among the firms of Chartered Accountants whose partners have no interest in any of the authorities or affairs of the University. (2) The audited accounts shall be published by the University and a copy thereof together with the copy of the auditor’s report shall be placed before the Board and submitted to the Chancellor and the State Government.