Amendment status not verified — confirm the current text below against the official source.
The Finance Officer : (1) Appointment : The Finance Officer shall be appointed on the recommendation of the Selection Committee constituted for the purpose ~nder Statute 18 on such terms and conditions as may be prescribed by the Ordinances. (2) Secretary : The Finance Officer shall be the ex-officio Secretary of the Majlis-i-Maliyat (Finance Committee), but shall not be deemed to be a member of ·h Committee. (3) Advisory role : The Finance Officer shall advise the University as regards its financial policy and perform such other financial functions as may be assigned to him by the MajHs-i-~untazimah (Executive Council) or as is prescribed under these Statutes or may be prescribed by the Ordinance. (4) Duties : Subject to the control of the Majlis-i-Muntazimah (Executive Council), the Finance Officer shall :- (i) hold and manage the property and investments including trust and endowed property; • (ii) ensure the limits fixed by the Majlis-i-Muntazimah (Executive Council) for recurring and non-recurring expenditure for a year, are not exceeded and that all moneys are expended on the purposes for which they were granted or allotted; (iii) be responsible for the preparation of annual accounts and the budget of the University for the next financial year and for their presentation to the Majlis-i-Muntazimah (Executive Council); · (iv) keep a constant watch on the state of the cash and bank balances and on the state of investment; ( v) watch the progress of the collection of revenue and advise on methods of collection employed; (vi) have the accounts of the University regularly audited by an internal audit party; (vii) ensure the registers of buildings, land, furniture and equipments are maintained up-to-date and the stock checking is conducted, of equipments and other consumable materials in all offices, Centres, Institutions maintained by the University; (viii) call for explanation for unauthorized expenditure and for other financial irregularities and suggest disciplinary action against persons at fault; and (ix) call for from· any office, Institution, Centre, Department or School, under the University, any information or return that he may consider necessary for the performance of his/her duties. (5) Receiving authority : The receipt issued by the Finance Officer or by the person or persons duly authorized in this behalf by the Majlis-i-Muntazimah (Executive Council) for any money payable to the University shall be sufficient discharge for payment of such money. 33 34 THE KOLKATA GAZETTE, EXTRAORDINARY, FEBRUARY 20, 2008 The Aliah University Act, 2007. (The Schedule.)