Central Universities Act, 2009
31.
Annual accounts. -
1.
The
annual accounts and balance-sheet of the University shall be prepared under the
direction of the Executive Council and shall, once at least every year and at
intervals of not more than fifteen months, be audited by the Comptroller and
Auditor-General of India or by such persons as he may authorise in this behalf.
2.
A
copy of the annual accounts together with the audit report thereon shall be
submitted to the Court and the Visitor along with the observations of the
Executive Council.
3.
Any
observations made by the Visitor on the annual accounts shall be brought to the
notice of the Court and the observations of the Court, if any, shall, after
being considered by the Executive Council, be submitted to the Visitor.
4.
A
copy of the annual accounts together with the audit report, as submitted to the
Visitor, shall also be submitted to the Central Government, which shall, as
soon as may be, cause the same to be laid before both Houses of Parliament.
5.
The
audited annual accounts after having been laid before both Houses of Parliament
shall be published in the Gazette of India.