section 20
Finance Officer
The Su-Ka-Pha University Act, 2025Education202558 sections
Statutory text
- (1) The Finance Officer shall be a whole-time salaried officer of the University and shall be appointed by the Executive Council for a period of five years on such terms, conditions and remuneration as may be prescribed. He may be eligible for re - appointment.
- (2) The Finance Officer shall exercise general supervision over the funds of the University and advice in regard to its financial policy.
- (3) Subject to the control of the Executive Council he shall manage the investments of the University and be responsible for the preparation and presentation of the annual estimates and statements of accounts and for proper maintenance of the accounts.
- (4) He shall be Responsible for record of Annual Estimates and statements of accounts and for proper maintenance of the accounts.
- (5) Subject to the powers of the Executive Council, the Finance Officer shall be responsible for ensuring that all money are expended for the purposes for which they are granted or allotted.
- (6) The Finance Officer shall exercise such other powers as may be prescribed by the Statutes and the Ordinances : Provided that the Chancellor may on the recommendation of the Executive Council, in the case of any casual vacancy in the office of the Finance Officer, direct that the Registrar shall act as Finance Officer and perform all duties and exercise all the powers of the Finance Officer, and when any such directions has been made, all references to the Finance Officer in this Act, the Statutes, the ordinances and the Regulations shall be deemed to be reference to the Register.
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