The Finance Officer

(1) The Finance Officer shall be appointed by the State Government; (2) The Finance Officer shall- (a) present the budget (annual estimates) and the statement of account to the Executive Council and also draw and disburse funds on behalf of the University, (b) speak in and otherwise take part in the proceedings, pertaining to matters of finance, of the Executive Council except voting, (c) ensure that no expenditure, not authorized in the budget is incurred by the University (otherwise than by way of investment), (d) disallow any proposed expenditure which may contravene the provision of this Act or regulations, (e) ensure that no financial irregularity is committed and take steps to set right any irregularities pointed out during audit, (f) ensure that the property and investments of the University are duly preserved and managed, (g) to exercise general supervision over the funds of the University,