(1) The mnual statement of accounts of University for a financial year shall be prepared under the Orections of the Board OfManagement witrån a of three mmths. aner eose Ofthe financial year.
(2) The annual accounts as approved by the Board of Managernent ShanEe by the Auditor anointed by the Governm«tt
(3) The amuai as approved by the Board of Management togetherWiththe copy of the audit report and a copy of the statement showing taken by the UruversityOnthe objections and points raised by the Auditor In his previous reports, shag be forwarded by the Board Of as soon as poss•bk and in any case. within the period of nöe Searchable PDF created by OCR.space (Free Version) https://ocr.space/searchablepdf#watermark Annual Report Fine r.i.l 01 the Conation s of service Of employees months from the end of financial year to the Chancellor and to the Auditor appointed by the Government
(4) It shall be competent for the Chancellor to give directions to the university, regarding the manner which the accounts to certain specific activities or schemes shall be maintained. or to take necessary action against the authority. the officer or any employee of the University found guilty in the audit report tor committing irregularities. and the University shall act according to the directions of the Chancellor