Section 35 of The Indira Gandhi National Tribal University Act, 2007
- (1)The annual accounts and balance-sheet of the University shall be prepared under the directions 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 Official Gazette.
Summary
- The Executive Council oversees the creation of the university's annual accounts and balance sheet.
- The audited accounts go to the Court and the Visitor, along with notes from the Executive Council. The Visitor's notes go back to the Court and Executive Council.
- The Central Government gets a copy of the audited accounts to present to Parliament.
- Once Parliament has reviewed the accounts, they are published in the Official Gazette for public transparency.
Practical examples
FAQ
1. Who is responsible for actually auditing the accounts?
The Comptroller and Auditor-General of India, or someone they authorize.
2. Are the university's financial accounts kept secret?
No, after they are laid before Parliament, the audited accounts are published in the Official Gazette.
Test yourself
Q1.Under Section 35 of The Indira Gandhi National Tribal University Act, 2007, what is the maximum allowed time interval between financial audits?
Q2.Under Section 35 of The Indira Gandhi National Tribal University Act, 2007, who has the authority to audit the university's annual accounts?
Q3.Under Section 35 of The Indira Gandhi National Tribal University Act, 2007, what happens to the audited annual accounts after they have been laid before both Houses of Parliament?
Q4.Under Section 35 of The Indira Gandhi National Tribal University Act, 2007, if the Visitor makes observations on the annual accounts, what is the correct flow of communication?