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Higher Education Act, 1997 (Act No. 101 of 1997)

Chapter 6A : National Institutes for Higher Education

49U. Annual report

 

(1) The board must, within three months after the end of each financial year, submit a report to the Minister which includes a financial statement on the performance of its functions during the preceding financial year.

 

(2) The annual report contemplated in subsection (1) must—
(a) fairly present the financial state of affairs of the national institute for higher education;
(b) fairly present its activities and other business;
(c) fairly present its financial results and financial position at year end;
(d) fairly present its performance against predetermined objectives;
(e) contain the report drafted by the audit committee contemplated in section 49L(6)(a)(ii) and approved by the board; and
(f) contain any other information that may be prescribed by the Minister from time to time.

 

[Section 49U inserted by section 29 of Notice No. 21, GG 40548, dated 17 January 2017]

 

 


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