Financial Adviser:

16. Financial Adviser: (1) The Financial Adviser shall be a whole-time officer of the University. He shall be appointed by the Chancellor as per the recommendation of the State Government, either on deputation or by re-employment from amongst the working or retired officers of the Indian Audit and Accounts Service or from any other Accounts Service of Government of India, of the level of Deputy Accountant General or above. The procedure mentioned in sub-section (2) of Section 10 of the Act shall be adopted for the appointment of the Financial Adviser. The Financial Adviser shall be appointed for a term not exceeding five years, or up to the age of 70 years, whichever is earlier. (2) In all proposals having financial implication, the advice of the Financial Adviser shall be mandatory. (3) The Financial Adviser shall be an ex-Officio member of the Finance Committee. (4) The Financial Adviser shall work under the Administrative control of the Vice-Chancellor and the Finance Officer shall work directly under the control of the Financial Adviser. (5) It shall be the responsibility of the Registrar to obtain the advice of the Financial Adviser on all matters having financial implication. Moreover, it shall be the responsibility of the Registrar to mention specifically at the time of placing such a proposal before the Executive Council that the concurrence of the Financial Adviser has been obtained or that he has not concurred with the proposal. (6) If in any financial proposal the Vice-Chancellor or the Executive Council takes a decision contrary to the advice of the Financial Adviser, such a decision shall not be implemented and shall be forwarded by the Vice-Chancellor to the State Government, whose decision in the matter shall be final and binding. (7) Preparation of the University Budget, maintenance of accounts, audit of accounts from time to time, compliance of the audit objections, timely receipt of grants from the State Government in accordance with the approved budget and also of grants from the University Grant Commission, arrangements for keeping the same properly and timely submission of utilization certificates of the University grants in the prescribed manner shall be the responsibility of the Financial Adviser. (8) It shall also be the responsibility of the Financial Adviser to see that all financial matters of the University are submitted in accordance with the Act, the Ordinance, the Statutes, the University Ordinance, Regulations and Rules framed thereunder.