The South Asian University Act

Short title, extent and commencement

Definitions

Provisions of Agreement to have force of law

Incorporation of South Asian University

Jurisdiction

Governing Board

Objectives of University

Powers of University

University open to all persons

Visitor

Officers of University

President and its powers

Other officers

Privileges and immunities of President and academic staff

Authorities of University

Executive Council

Academic Council

Constitution of other authorities

Faculties and Departments

Statutes

Regulations

Bye-laws

Power to give retrospective effect to Statutes and Regulations

Annual report

Audit of accounts

Conditions of service of employees

Procedure of arbitration in disciplinary cases against students

Proceedings of University authorities or bodies not invalidated by vacancies

Protection of action taken in good faith

Reference to SAARC Arbitration Council

Statutes and Regulations and bye-laws to be published in Official Gazette and to be laid before  Parliament

Power to remove difficulties

All sections

(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 any person or firm authorised by the Governing
Board.

(2) The accounts of the University shall be audited, as per existing norms as laid down by the
SAARC.

(3) The accounts, when audited shall be published, and a copy of the accounts together with the
audited report shall be submitted to the Secretary-General of the SAARC.

LAWGIST

# 25 Audit of accounts