Officer

(1)The Finance Officer shall be the finance and accounts officer of the University and work directly under the superintendence, direction and control of the Financial Advisor. He shall be appointed by the University on recommendation of the Commission for a period of 04 years or till the age of superannuation, whichever is earlier. Further, he shall be eligible for reappointment in the manner as prescribed by the Statutes.

(2)When the office of the Finance Officer falls vacant or the Finance Officer is, by reason of illness or absence or any other cause, unable to perform the duties of his office for a period not exceeding six months, the Vice Chancellor shall appoint Deputy Finance Officer to officiate as the Finance Officer until the new Finance Officer assumes duty or the incumbent Finance Officer resumes duty, as the case may be. It shall be the duty of the Vice Chancellor to ensure that the post of Finance Officer be filled on permanent basis:

Provided that,in case an officer in the rank of Deputy Finance Officer is not available, the Vice Chancellor may appoint an Assistant Finance Officer to officiate the duties of the Finance Officer.

(3)The Finance Officer shall, —

(a)exercise general supervision over the funds of the University and advise the Vice Chancellor on the finances of the University;

(b)ensure that the limits fixed by the University for recurring and non-recurring expenditure for the financial year are not exceeded, and that all allocations are expended for the purposes for which they are granted or allotted;

(c)be responsible for preparation and maintenance of accounts by double entry accounting system on an accrual basis, presenting the annual financial estimates

(budget), statement of accounts and audit reports, to the Finance and Accounts Committee;

(d)prepare financial reports as required by the various authorities or bodies of the University, the State Government and the Central Government; and

(e)exercise such other powers and perform such other duties as prescribed by the Statutes.

(4)The process of appointment or re-appointment of the Finance Officer shall invariably begin at least three months before the probable date of occurrence of such vacancy and the process of appointment shall be completed invariably at least one month before the probable date of occurrence of the vacancy. It shall be the responsibility of the Vice Chancellor to initiate the process of appointment or re-appointment of the Finance Officer.

(5)The Finance Officer shall be assisted by the Deputy Finance Officer and Assistant Finance Officer for discharging his duties.