Section 36 in The M.P. Makhanlal Chaturvedi Rashtriya Patrakarita Vishwavidyalaya Sansthan Adhiniyam, 1990
36. Financial Estimates.
(1)The General Council shall approve before such date as may be prescribed by the regulations, the financial estimates for the ensuing year.(2)The Director General may in case where the expenditure in excess of the amount provided in the budget is to be incurred or in cases of urgency for reasons to be recorded in writing, incur expenditure subject to such restrictions and conditions specified in the regulations. Where no provisions has been made in the budget in respect of such excess expenditure a report shall be made to the General Council at its next meeting.(3)An annual report prepared by the Director General shall be submitted to the General Council at its annual meeting for its approval.(4)The copies of the annual report shall be submitted to the State Government. The report shall be laid before the State Legislature as early as possible on its receipt by the State Government.
