State Act

The Indraprastha Vishwavidyalaya Act, 1998

30. (1) The annual accounts and the balance sheet of the University shall be prepared under the direction of the Board of Management and shall at least once every year at intervals of not more than fifteen months, be audited by the Comptroller and Auditor General of India or such person or persons as he may authorize in this behalf. (2) A copy of the accounts together with the audit report shall be submitted to the Chancellor and the Court alongwith the observations, if any, of the Board of Management. (3) Any observation made by the Chancellor on the annual accounts shall be brought to the notice of the Court and the views of the Court, if any, shall, after being considered by the Board of Management, be submitted to the Chancellor. (4) A copy of the accounts together with the audit report, as submitted to the Chancellor, shall also be submitted to the Government, which shall, as soon as may be, cause the same to be laid before the Legislative Assembly of Delhi.