The Comptroller

Education197859 sections

Statutory text

(1) The Comptroller of the University shall be a whole-time officer and shall be appointed by the Board, on the recommendations of a Selection Committee, as may be constituted for this purpose under the Statutes.
(2) The Comptroller shall manage the property and investments of the University and advise it in regard to its financial policy.
(3) The Comptroller shall be responsible to the Vice-Chancellor for all accountal matters of the University including the preparation and presentation of its budget and statement of accounts.
(4) The Comptroller shall receive such remuneration as may be prescribed and not, during the tenure of his office, receive any remuneration or other emoluments other than the prescribed remuneration.
(5) The Comptroller 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 Statute or for which provision is required to be made by the Statutes but has not been so made.
(6) 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 (11 of 1934).

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