(1) The Syndicate shall prepare the annual report containing such particulars as the Government may specify, covering each financial year and submit it to the Senate on or before such dates as may be prescribed by the Statutes. The Senate may pass resolutions thereon and the Syndicate shall take action in accordance therewith. The action taken shall be intimated to the Senate.
(2)Copies of the annual report along with the resolution of the Senate thereon shall be sent to the Government and shall be laid before both the Houses of the State Legislature.