Financial powers and functions of Chief Finance and Accounts Officer

(1) The Chief Accounts and Finance Officer shall get the annual budget prepared alongwith the requisite documents and submit the same to the Finance Committee for its approval. The Chief Accounts and Finance Officer shall also get the accounts of the annual income and expenditure of the University prepared and get the same audited from the Chartered Accountant so appointed by the Finance Committee in this regard alongwith the note with regard to the audit of income and expenditure of the University referred to in sub-section (1), shall be placed before the Chancellor for its approval. (2). The budget approved by the Finance Committee shall be placed before the Chancellor for its approval. (3) The Finance Committee shall tender advice to the Chancellor on financial matters of the University.