Section 34 in Tamil Nadu Private Colleges (Regulation) Act, 1976
34. Annual audit of accounts.
(1)The accounts of every private college receiving grant shall be audited at the end of every academic year by such authority, officer or person as may be prescribed and different authorities, officer or persons as may be prescribed for different classes of private colleges.(2)(a)The authority, officer or person, prescribed under sub-section (1), shall send a copy of the report on the audit of the accounts under that sub-section to the competent authority which shall forward the report to the educational agency(b)The educational agency shall, within such period as may be prescribed, submit that report together with the comments of that agency to the competent authority.
