Amendment status not verified — confirm the current text below against the official source.
(1) The Comptroller of Finance shall be appointed by the Chancellor in consultation with the Government from among the officers of the Orissa Finance Service and shall be a whole time officer of the University. The Registrar. The Comptroller of Finance. 10 (2) The salary, allowances and other dues of the Comptroller of Finance shall be paid by the University. (3) The Comptroller of Finance shall, subject to the control of the Vice-Chancellor — (a) be responsible for the proper investment of the funds of the University; (b) exercise general supervision of such funds; (c) tender advice with regard to financial transactions of the University; (d) be responsible for preparation and presentation of the annual financial estimate and statements of accounts for presentation by the Vice-Chancellor before the Board ; (e) ensure that all moneys are expended for the purpose for which they are granted or allotted by the appropriate authority; (f) examine the statements of accounts of the University and submit a report on such examination to the Board; and (g) shall exercise such other powers and perform such other functions as may be prescribed. (4) The Comptroller of Finance shall be responsible to the Vice- Chancellor for ensuring that no expenditure outside the budget is incurred by the University other than by way of investments and shall disallow any expenditure which is not permissible under the Statutes. (5) The Comptroller of Finance shall have the right to speak and otherwise take part in the proceedings of the Board as and when required, and in all such cases, his or her advice shall be recorded in the proceedings of the Board, as the case may be, but he or she shall not be entitled to vote.