Amendment status not verified — confirm the current text below against the official source.
(1) The Finance Officer shall be appointed by the Board of Management in such manner and shall exercise such powers and perform such duties as may be prescribed. (2) The Board of Management is empowered to remove the Finance Officer after due enquiry. It will be open to the Board of Management to suspend the Finance Officer during enquiry depending upon the seriousness of the charges, as may deem fit.