law: Central Universities Act, 2009
  31.
  
  Annual accounts. -
  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 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 Gazette of India.