Amendment status not verified — confirm the current text below against the official source.
(1) The Finance OBcer shall be a whole-time salaried officer of the Univer- h'LDQ sity appointed by the Syndicate for such period as may be specified by the Syndicate m. in this behalf. (2) Every appointment of the Finance Officer shall be made by the Syndicate Prom out of a panel of three names recommended by the Government. (3) The emoluments and other terms and conditions of service of the Finance Officer shall be such as may be prescribed by the ordinances. (4) The Finance Officer shall retire on attaining the age of fifty-eight years or on the expiry of the period specified by the Syndicate under sub-section (I), which- ever is earlier: Provided that the T:-*nce Officer shall, notwithstanding his attaining the age d fifty-eig t ycqrs, continue in office until his successor is appointed and enters upon his o 4 ce or until the expiry of 2 period oi one year, whichever IS earlier. (5) When the office of the Finance Officer is vacant or when the Finance Officer fs, by reason ot illness, absence or any other cause, unable to perform the duties ot his ofice, the duties of the Finance Officer shall be performed l>y such person as the Vice-Chancellor may appoint for the pwpos-. (6) The Finance Officer shall be the ex-oflicio Secretary to the Finance Committee, but shall not be deemed to be a member of such Committee. (7) The Finance Officer shall,- (a) exercise general supervision over the funds of the University and shall advise the University as regards its hancial policy; and TAMIL NADU GOVERNMENT GAZETTE EXTRAORDINARY I VL- ---- -- -- a9 - ----- - - (b) cxcrcise such other powers and perrorm such other flnancial functions as may be assigned to him by the Syndicate or as may be prescribed by the statutes or the ordinai1:es : provided :hat the Finance Officer shall not incur. any expenditure or make anv investment exceeding such amount as may be prescribed whhout the previous approvd of the Syr,dicate. (8) Subject to the control of the Syndicate, the Finance Officer shall,- (a) hold and manage the property and investments 01 the University including trust and endowed property; (b) ensure that tLr. :il,i:: f r::d by thc Syndicate for recurring and non-recurring expenditure for a year are not exceeded 2nd that all moneys are expended on the purposes for which they are granted or allotted; (c) be responsible for the preparation of annual accounts, flnancial estimates . and the budget of the University and for their presentation to the Syndicate; (d) keep a constant watch on the cash and bank balances and of investments; (e) watch the progress of the collection of revenue and advise on the methods of collection employed; (f) ensure fhat the registers of buildings, lands, furniture and equipments are maintained up-to-date, and that stock checking is conducted, ot equipments and other consumable materials in all offices, special centres, specialised laboratories and colleges maintained by the Univers~ty ; (g) bring to the notice ot the Vice-Chancellor any unauthorised expenditure or other financial irregularity and suggest appropriate action to be taken against ' persons at fault; and (h) call from any oflice, centre, laboratory and college maintained by the University, any intonnation or returns that he may consider necessary for the per- formance of his duties. (9) The receipt ot the Finance Officer or of the person or persons duly authorised in this behalf by the Syndicate for any money payable to the University shall be sufficient discharge for payment of such money.