Finance officer

(1) There shall be a Finance officer of the university, who shall be appoiuted by the State Government by notification and his remuneration and allowances shall be paid by the University. (2) The Finance Officer shall be responsible for presenting the budget and statement of accounts to the Executive Council also for drawing and disbursing funds on behalf of the University. (3) The Finance Officer shall have the right to apeak in and otherwise to take part in proceeding of Executing Council, but shall not be entitled to cast vote. (4) The Finance Officer Shall have the following duties :- (a) To ensure that no expenditure, not authorized in budget is incuned by the university otherwise than by way of investment. (b) To disallow any such proposed expenditure which may contravene the provision of this Act or the terms of any Regulalous. (c) To ensure that no financial irregularities is committed, and to take steps to set rigbt any irregularities pointed out during audit. (d) To ensure that the property arid investments are duty preserved and managed. (5) The Finance Officer shall have access to and may require the production of such records and document Of the University and furnishing of such records and document of the University and furnishing of such information pertaining to its affairs as in his opinion may be necessary for the discharge of his duties . (6) The Finance Officer shall signed all the -tenders on behalf of the Executive Council. (7) Other powers and functions of the Finance Officer shall be such as may be prescribed from time to time.