section 40
Annual accounts and audit
The Mody University of Science and Technology, Lakshmangarh (Sikar) Act, 2013Education201351 sections
Statutory text
(1) The annual accounts including balance sheet of the University shall be prepared under
the directions of the Board of Management and the annual accounts shall be audited at least once in every year by the auditors appointed by the University for this purpose.
- (2) A copy of the annual accounts together with the audit report shall be submitted to the Board of Management.
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- (3) A copy of the annual accounts and audit report
alongwith the observations of the Board of Management shall be
submitted to the Sponsoring Body.
- (4) Copies of annual accounts and balance sheet prepared under sub-section (1) shall also be presented to the State
Government. The advice of the State Government, if any, arising
out of the accounts and audit report of the University shall be
placed before the Board of Management. The Board of
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