Amendment status not verified — confirm the current text below against the official source.
(1) The Comøtrallerof Finance shall be appointed by the Chancellor in consultation with the Government and shatl be whole-Orne officer of the University (2) The salary. aNowancesand corxiit'ons ot service of the Comptrollerof Financeshallbe suchasmaybe prescribedbythe Statutes (3) Whenthe officeof the Comptrollerof Financessvacantor when the Comptrolierof Financeis by reasonof "l health.absenceor anyother cause unable to perform his functions as such. his funct•ons shall be performedby such other personas the Vtce-Chance'lormayappo.ntfor the purpose. (4) The Comptrolerof Financeshall.subjectto the controlof Vice-Chancellor. (a) be responsiblefor the properinvestmentor thefundscf University: (b) exercvsegeneralsupervisionof suchfunds: (c) tenderadviceWth regardtc financialtransactionsof the University: (d) beresponsibleforpreparationandpresentationoftheannual financial estimates and statements of accounts for presentationby the Vice-Chancellor: (e) ensurethatallmoneysareutilisedinappropoate manne'for the purposefor Wh.chtheyaregrantedor allottedby the appropnate authorlty: Searchable PDF created by OCR.space (Free Version) The Controller Examination. 32 (t) examine the statements Of accounts Of the University and submit a report to the Board of Management: G) exercise such other pov,'ers and perform such functions as may be prescribed. (5) The Comptroller of Finance shall be responsible to the Vice- Chancellorfor ensurirg that no expenditureoutsidethe budgetis incurredby the universlty otherwse than by way of investments and shall disallow any expenditure which is not permissible under the Statutes. (6) The Comptroller of Finance shall have the right to speak and other wise take parl in the proceedingsOfthe Board of Management as and when requied. and in all such cases. his advice shall be recorded in the proceecfings of the Board OfManagement. but he shal' not be entltled to vote. (7) The advice Of the Comptroller Of Finance on an toancial matters shag be taken before they are given effect to.