Handbook Volume I - VMOU, Kota

18. Regulations
VARDHAMAN MAHAVEER OPEN UNIVERSITY ACT
11
An Authority of the University shall have the power to make regulations, in
the manner as may be prescribed by the Statutes, for the conduct of its
affairs and the affairs of the committee constituted by such Authority. Such
regulations shall not be inconsistent with the provisions of this Act, the
Statutes and the Ordinances of the University.
CHAPTER - VII
Annual report, Annual Accounts, etc.
19. Annual Report
(1) The annual report of the University shall be prepared by the
Registrar of the University under the direction of the Board of
Management.
(2) The annual report shall, among other things, set out the steps
taken by the University for the fulfilment of its objects.
(3) The annual report shall be submitted to the Chancellor on or before
the date as may be prescribed by the Statutes.
20. Annual Accounts
(1) The annual accounts of the University including the balance sheet
shall be prepared under the direction of the Board of Management
and shall at least once in the accounting year of the University and
at intervals of not more that fifteen months, be audited by the
Accountant-General of the State or the Officer authorised by the
Accountant General.
(2) A copy of the annual accounts including the balance sheet and the
copy of the audit report together with the observations, if any, of
the Board of Management shall be submitted to the Chancellor.
(3) The observations, if any, made by the Chancellor on the annual
accounts shall be brought to the notice of the Board of Management
and the comments of the Board on such observations shall be
submitted to the Chancellor.