(1)The Finance Advisor shall be a full-time officer of the University. The Finance Advisor shall be selected and appointed by the Chancellor. The term for appointment of the financial advisor shall be 5 years. The Finance Advisor shall not be eligible for reappointment in the same University.

(2)The Financial Advisor shall be the ex-officio member of the Finance and Accounts Committee. All proposals having any financial implication shall not be approved without seeking the advice of the Financial Advisor. It shall be the responsibility of the Registrar to obtain the advice of the Financial Advisor on all matters having financial implication. Further, the Registrar shall ensure that the advice of the Financial Advisor is explicitly mentioned in all proposal placed before the Senate or having any financial implication.

(3)In case, the Vice Chancellor or Syndicate takes a decision contrary to the advice of the Financial Advisor, for any proposal having any financial implication, such a decision shall not be implemented and shall be forwarded by the Vice Chancellor to the Chancellor, whose decision in the matter shall be final and binding.

(4)It shall also be the responsibility of the Financial Advisor to ensure that all financial procedures of the University are carried in accordance with the Act, the Statutes, University Ordinance and Rules.

(5)The Financial Advisor shall be responsible for preparation of the University budget, maintenance of accounts, audit of accounts, from time to time, compliance of the audit objections, timely receipt of grants from the State Government in accordance with the approved budget and University Grants Commission, and arrangements for timely submission of utilization certificate of the University grants in the prescribed manner.

(6)The Financial Advisor shall work under the administrative control of the Vice Chancellor and the Finance Officer shall work directly under the control of the Financial Advisor.