← Back to Baluchistan Juniper University Ordinance 1996 Outline

28

University Funds Audit and Report

Act: Baluchistan Juniper University Ordinance 1996

Section Provisions

BALOCHISTAN JUNIPER UNIVERSITY ORDINANCE, 1996 BALOCHISTAN JUNIPER UNIVERSITY ORDINANCE, 1996 An Ordinance to provide for the establishment of Juniper University [Gazette of Balochistan, Extraordinary, 14th December, 1996] No. LEGIS.I‑108/LAW/96, dated 14‑12‑1996. The following Ordinance made by the Governor of Balochistan on 30th November, 1996, is hereby published for general information:‑‑--- 28. University Funds Audit and Report.‑‑‑(1) The University shall have a Fund to which shall be credited Income, Fees, donations, trusts, bequests, endowments; grants, contributions, loans and income from all other sources. (2) No contribution, donation, grant or loan which may directly or indirectly involve any immediate or subsequent financial liability of the University, or which may involve an activity not included in its programmes for the time being, shall be accepted without the prior approval of the Board of Trustees. (3) The accounts of the University shall be maintained in such form and in such manner as may be prescribed by rules. (4) The accounts of the University shall be audited each year within four months of the closing of the financial year of the University by the Chartered accountant appointed by the Board of trustees. (5) The accounts, together with the report of the auditors thereon, shall be submitted to the Board of Trustees for approval. (6) The auditors report shall certify that the auditor has compiled with the standard of audit and certification laid down by the Institute of Chartered Accountants of Pakistan.