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Finance Officer.- (1) There shall be a Finance Officer who shall be the ex-officio Member Secretary of the Finance Committee of the University. (2) Notwithstanding anything to the contrary contained in the Statutes or the Ordinances of University, the Finance Officer shall be appointed by the State Government from amongst the officers of the Himachal Pradesh State Subordinate Accounts Services (Ordinary Branch), not below the rank of Controller, failing which by selection from amongst those eligible under the provision of the First Ordinance of the University. (3) The Finance Officer shall exercise such powers and perform such duties, as may be prescribed by the Statutes.