(1) The annual financial estimates (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 estimates (budget) as approved by the Management Council and the Senate to the Chancellor, the Maharashtra State Commission for Higher Education and Development and the State Government.
(3) The Financial year of the university shall be the same as that of the State Government.
(2) The Finance and Accounts Officer shall thereafter forward copies of annual financial estimates (budget) as approved by the Management Council and the Senate to the Chancellor, the Maharashtra State Commission for Higher Education and Development and the State Government.
(3) The Financial year of the university shall be the same as that of the State Government.
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Section 1 · Short title and commencement.Section 2 · Definitions.Section 3 · Incorporation of universities.Section 4 · Object of university.Section 5 · Powers and duties of university.Section 6 · Jurisdiction and admission to privileges of university.Section 7 · University open to all irrespective of sex, race, creed, class, caste, place of birth, religion, or opinion.Section 8 · Control of State Government on universities.India Code, Government of India. Text fetched 23 Oct 2026. Source metadata reports last modification: 2025-02-20. Check the linked official text and subsequent notifications when applying a provision.