Section 13 of The Banaras Hindu University Act, 1915
1[(1) The accounts of the University shall, once at least in every year and at intervals of not more than fifteen months, be audited by the Comptroller and Auditor-General of India.]
- (2)The accounts, when audited, shall be published in the Official Gazette and a copy of the accounts, together with the auditor's reports, shall be 2[submitted 3*** to the Visitor]. 4[(3) A copy of the accounts, together with the auditors report, 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.]
Summary
- The university's accounts must be audited at least once every year, with intervals between audits not exceeding fifteen months.
- The Comptroller and Auditor-General of India is solely responsible for auditing these accounts.
- Once audited, the accounts must be published in the Official Gazette.
- A copy of the audited accounts and the auditor's report must be submitted to the Visitor and to the Central Government.
- The Central Government is required to lay the audited accounts and report before both Houses of Parliament as soon as possible.
Practical examples
FAQ
1. How frequently must the university accounts be audited?
They must be audited at least once every year, and the gap between any two audits cannot be more than fifteen months.
2. Who is authorized to perform the official financial audit?
The audit must be conducted by the Comptroller and Auditor-General of India.
3. Does the public get access to the audited financial records?
Yes, the audited accounts are required to be published in the Official Gazette.
4. What happens to the audit report after it goes to the Central Government?
The Central Government must cause the accounts and the report to be laid before both Houses of Parliament.
Test yourself
Q1.Under Section 13 of The Banaras Hindu University Act, 1915, what is the maximum permitted interval between financial audits?
Q2.According to Section 13 of The Banaras Hindu University Act, 1915, who is mandated to audit the university's accounts?
Q3.Where must the audited accounts be published under Section 13 of The Banaras Hindu University Act, 1915?
Q4.Under Section 13 of The Banaras Hindu University Act, 1915, what action must the Central Government take upon receiving the audited accounts and report?