Comptroller of Finance

(1) The Comptroller of Finance shall be appointed by the Chancellor in consultation with the Government and shall be whole-time officer of the University. (2) The salary, allowances and conditions of service of the Comptroller of Finance shall be such as may be prescribed by the Statutes. (3) When the office of the Comptroller of Finance is vacant or when the Comptroller of Finance is by reason of ill health, absence or any other cause unable to perform his functions as such, his functions shall be performed by such other person as the Vice-Chancellor may appoint for the purpose. (4) The Comptroller of Finance shall, subject to the control of Vice-Chancellor— (a) be responsible for the proper investment of the funds of University; (b) exercise general supervision of such funds; (c) tender advice with regard to financial transactions of the University; (d) be responsible for preparation and presentation of the annual financial estimates and statements of accounts for presentation by the Vice-Chancellor; (e) ensure that all moneys are utilised in appropriate manner for the purpose for which they are granted or allotted by the appropriate authority; (f) examine the statements of accounts of the University and submit a report to the Board of Management; (g) exercise such other powers and perform such functions as may be prescribed. (5) The Comptroller of Finance shall be responsible to the Vice-Chancellor for ensuring that no expenditure outside the budget is incurred by the university otherwise than by way of investments and shall disallow any expenditure which is not permissible under the Statutes. (6) The Comptroller of Finance shall have the right to speak and otherwise take part in the proceedings of the Board of Management as and when required, and in all such cases, his advice shall be recorded in the proceedings of the Board of Management, but he shall not be entitled to vote. (7) The advice of the Comptroller of Finance on all financial matters shall be taken before they are given effect to.