Amendment status not verified — confirm the current text below against the official source.
The Finance Officer - (1) The Finance Officer shall be a whole-time officer of the University appointed by the University from out of a panel of three officers to be obtained from the Government in the Higher Education Department on such terms and conditions as may be prescribed by the rules made by the Government in this behalf. He shall be the employee of the Government and the salary, allowances, pension and other remuneration shall be paid in the first instance from out of the Consolidated Fund of the state and later recovered from the University. (2) He shall maintain the accounts of the University and also advise the University on all matters relating to income and expenditure. (3) He shall be present at the meetings of the Finance Committee and participate in the discussions but shall not be entitled to vote. (4) The Finance Officer shall be responsible for,- (a) managing the property and investments of the University and tendering advice in regard to its financial policy; (b) ensuring that no expenditure not duly authorised is incurred by the University otherwise than by way of investment; (c) disallowing any expenditure which may contravene the terms of any statute or for which provision is required to be made by the statutes but has not been made; (d) preparation of budget and statement of accounts for the presentation to the Council by the Vice-Chancellor and such other information in respect of all matters of finance and accounts as may be required of him, from time to time; (e) arranging for the internal audit of the accounts of all the constituent colleges of the University annually; (f) obtaining, scrutinizing, compiling and reporting to the Vice-Chancellor on the statement of accounts of the constituent colleges of the University at such intervals and in such form as may be specified by the Council from time to time; (g) exercising a check over the expenditure and income of the different constituent colleges and programmes of the University; (h) discharging such other duties as may be prescribed by the statutes or by any special or general order of the Vice- Chancellor or the Council. II. AUTHORITIES OF THE UNIVERSITY