The Finance Officer

Environmental198557 sections

Statutory text

(1) The Finance Officer shall manage the property and investments of the University and advise it in regard to its financial policies.
(2) The Finance Officer shall be responsible to the Vice-Chancellor for all accounts matters of the University including the preparation and presentation of the budget and statement of accounts.
(3) The Finance Officer shall receive such remuneration as may be prescribed and shall not, during the tenure of his office, receive any remuneration or other emoluments other than the prescribed remuneration.
(4) The Finance Officer shall--
- (i) ensure that expenditure, not authorised in the budget, is not incurred by the University except by way of investment ; and
- (ii) disallow any expenditure not warranted by the terms of any Statutes or for which provision is required to be made by the Statutes but has not been so made.
(5) All moneys belonging to the University shall be kept in a scheduled bank approved by the Board. Explanation.--For the purposes of this sub-section "scheduled bank" means a bank included in the Second Schedule to the Reserve Bank of India Act, 1934 (2 of 1934).

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