Amendment status not verified — confirm the current text below against the official source.
(1) The [Syndicate] shall appoint a person recommended by a Selection Committee determined by the [Syndicate], with the Vice-Chancellor as the Convenor, as may be prescribed by Statues, to be the Finance Officer, who shall be a full-time salaried officer and shall work directly under the superintendence, direction and control of the Vice-Chancellor. The first Finance Officer shall be appointed by the Government. [The Finance Officer shall be appointed for a period of four years from the date on which he enters upon his office or till he completes the age of fifty-six years, whichever is earlier.] The qualifications and experience required for being selected as the Finance Officer shall be as approved by the Government. [(1A) The person appointed as Finance Officer shall be eligible for re-appointment for one more period subject to the provisions in sub-section (1).] (2) The powers, duties and functions of the Finance Officer shall be as provided by or under this Act or as may be prescribed by Statutes or as assigned to him, from time to time, by the Vice-Chancellor. Substituted as per Act 17 of 2018 w.e.f. 08/12/2017. Prior to the substitution it reads as "Executive Committee" Substituted by Act 15 of 2019 published in K. G. Ext. No. 3015 dt. 07/12/2019 (w.e.f. 06/03/2019). Prior to the substitution it read as: "The term of service of the Finance Officer shall be as per orders in this respect issued by the Government from time to time." Inserted by Act 15 of 2019 published in K. G. Ext. No. 3015 dt. 07/12/2019 (w.e.f. 06/03/2019).