The Comptroller of Finance

14.

1. (1) The Comptroller of Finance shall be a whole-time officer of the University and shall be appointed by the State Government on such terms and conditions as may be prescribed.
2. (2) The Comptroller of Finance shall be appointed for a term of three years and shall be eligible for re-appointment for another term.
3. (3) The Comptroller of Finance shall work under the direct superintendence, direction and control of the Vice-Chancellor and shall be responsible to him.
4. (4) The Comptroller of Finance shall,
   • (a) exercise general supervision over the funds of the University and shall advise it as regards its financial policy; and
   • (b) perform such other financial duties as may be assigned to him by the Board of Governors or as may be prescribed by the Statutes or the Ordinances: Provided that the Comptroller of Finance shall not incur any expenditure or make any investment exceeding such amount as may be prescribed except with the prior approval of the Board of Governors.
5. (5) Subject to the control of the Board of Governors, the Comptroller of Finance shall,
   • (a) hold and manage the property and investments of the University including trust and endowed property;
   • (b) ensure that the limits fixed by the Board of Governors for recurring and non-recurring expenditure for a year are not exceeded and that all moneys are expended on the purpose for which they are granted or allotted;
   • (c) be responsible for the preparation of annual accounts and the budget of the University and for their presentation to the Board of Governors;
   • (d) keep a constant watch on the state of the cash and bank balances and on the state of investments;
   • (e) watch the progress of the collection of revenue and advise on the methods of collection employed;
   • (f) ensure that the registers of buildings, land, furniture and equipment are maintained up-to-date and that physical verification of stock, equipment and other consumable materials in all offices, colleges, departments, centers and specialized laboratories of the University is conducted;
   • (g) call for any information or report that he may consider necessary for his work from any office, college, department, center or specialized laboratory of the University; and
   • (h) perform such other duties as may be specified in the Statutes or the Ordinances or the Regulations or as may be required, from time to time, by the Board of Governors or the Vice-Chancellor.
6. (6) The Comptroller of Finance shall be the ex-officio Member-Secretary of the Finance Committee but shall not have the right to vote.