Amendment status not verified — confirm the current text below against the official source.
(J ) The Finance and Accounts Officer shall,· (a) exercise general supervision and management over the funds and invesun.:nt of the ~mvcrsity and shall ad\ isc the Uni\'ersity as regards its financial policy; and (b) exercise such other powers and perform such other fmancial functions. as may be assig)led to htrn by the Boa.rd, or a$ may be prescribed Provided lhal the Finance and Accoun t~ O fficer shall not incu1 any expenditure or make any investment exceeding such amount as may be prescribed except with the previous approval of the Hoard. 10-15 J.'in:.incc and .\CCOUDb Olfirer. Powers •nd runcli<>n.< <>r Fi"~nce and Accounts Officer. 10-16 ................ ........ ...... -·· ...... _ ... ···-· ................ ···- ·---· GL:JAR,'\ I (jQv'ER~\iFS1 vAZETTE tX. 7.07-'.?00'I [PART-I\' (~) SubJCCI 10 Lite control of lhe Board. 1he Finance and Accounts Officer shall. - (a) endeavour to ensure tha1 lhe recurring and non-n:curring cxpcndilllrc ar.: made as authorized in the Budget or a~ per the limits (ixcd by the Hoard for a year and ensure that all moneys arc expended for 1hc purposes for which they arc gramed or ar ~•t.!d; (b) be responsible for lhe preyarauon of annual accounts. financial estimates and lhe budget of the Univcrsi~ and for their p~es.:ntation 10 the Finance Comnu:tcc and the Board; (cl keep a constant watch on the cash and bank balances ar.d of investments; (d) watch lh.: progress of the collection of revenue and advise on the m..:tho<ls of collection employed; (eJ ensure that the registers of buildings. land, furniture and cqmpm~'Jlts a:e Inamtaincd up-to-date. and that stock checking is co1:ducted in r~pcct of equipments and other consumable m:m:rials :n .:ill offices. laboratoncs. colleges and institutions maintained by the l.,,ni' crs1t) ~ (I) bring to lhc no1ice of lhc Vice-Chancellor any unau1horizcd expenditure or other financial irregularity and suggest appropriate ac1ion to be tak<.:n against person~ at fault: and (g) call from any office. laboratory. college or institullon mainlain.:d by lhe Uruvcrsity. any information or rc1ums as he may consider lk'CCS:;ary for the ext:rc1se of his powers, performance of his func:1ons or discharge of his dunes (3) Wh:.."ll the office of the Finance and Accounts Officer is vacam, or when 1hc Fmance and Accounts Officer is, by reason of illness or absence for any other cause unable to exercise the powers, perfom1 lhc functions and cltsehargc the <lulles of his office. 1hc powers, functions and du1ics of the office of the Finance and Accounts Officer shall be exercised, performed and discharged by such person as the Vice-Chancellor may appoint for tht: purpose. Ot2M or