(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 them 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.
Section 26 of Central Universities Act - Powers to make Statutes
Section 27 of Central Universities Act - Statutes, how to be made
Section 28 of Central Universities Act - Power to make Ordinances
Section 29 of Central Universities Act - Regulations
Section 30 of Central Universities Act - Annual report
Section 31 of Central Universities Act - Annual accounts
Section 32 of Central Universities Act - Returns and information
Section 33 of Central Universities Act - Conditions of service of employees, etc
Section 35 of Central Universities Act - Right to appeal