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(1) The annual financial estimate (budget) of the University for ensuing financial year shall be prepared by the Finance and Accounts Officer under the direction of the Finance and Accounts Committee, at least two months before the commencement of the financial year. (2) The Finance and Accounts Officer shall thereafter forward copies of annual financial estimate (budget) to the Board of Governance for its approval and then shall send to the Chancellor and the State Government. (3) The financial year of the University shall be the same as that of the State Government.
<span style="margin-left:15px;"></span>(<i>1</i>) The annual financial estimate (budget) of the University for ensuing financial year shall be prepared by the Finance and Accounts Officer under the direction of the Finance and Accounts Committee, at least two months before the commencement of the financial year.<br> <span style="margin-left:15px;"></span>(<i>2</i>) The Finance and Accounts Officer shall thereafter forward copies of annual financial estimate (budget) to the Board of Governance for its approval and then shall send to the Chancellor and the State Government.<br> <span style="margin-left:15px;"></span>(<i>3</i>) The financial year of the University shall be the same as that of the State Government.<br><br>