Page 208 - Compendium of UGC Regulations 1957-2023

Regulations on Establishment, Maintenance and Recognition of Institutions:

(6) The Finance Officer shall—
(a) exercise general supervision over the funds of the institution deemed to be
University and shall advise it as regards its financial policy; and
(b) perform such other financial functions as may be assigned to him by the
Executive Council or as may be prescribed by the rules of the institution
deemed to be University.
(7) Subject to the control of the Executive Council, the Finance Officer shall—

(a) ensure that the limits fixed by the Executive Council for recurring and non-
recurring expenditures for a year are not exceeded and that all amounts of
money are expended on the purpose for which they are granted or allotted;
(b) be responsible for the preparation of annual accounts and the budget of
the institution deemed to be university and for their presentation to the
Executive Council;
(c) keep a constant watch on the state of the cash and bank balances and on
the state of investments;
(d) watch the progress of the collection of revenue and advice on the methods
of collection employed;
(e) ensure that the registers of buildings, land, furniture, and equipment
are maintained and up-to-date and that stock-checking is conducted, of
equipment and other consumable materials in all offices, departments,
schools, faculties, centers and specialised laboratories;
(f) bring to the notice of the Vice-Chancellor un-authorised expenditure
and other financial irregularities and suggest disciplinary action against
persons at fault;
(g) call for from any office, department, school, faculty, centre, laboratory, etc.
maintained by the institution deemed to be University any information or
returns that he or she may consider necessary for the performance of his
or her duties; and
(h) work under the direction of the Vice-Chancellor and shall be responsible
to the Executive Council through the Vice-Chancellor.
H. Controller of Examinations.— (1) The Controller of Examinations shall be appointed
by the Executive Council on the recommendations of a selection committee constituted
for the purpose and he or she shall be a whole-time salaried officer of the institution
deemed to be University.
(2) The Controller of Examinations shall be appointed for a term of five years and
shall be eligible for re appointment by following the procedure prescribed for the
appointment of Controller of Examination:
Provided that the Controller of Examinations shall retire on attaining the age of
sixty-two years.

(3) The emoluments and other terms and conditions of service of the Controller of
Examination shall be such as may be prescribed by the Executive Council from
time to time.

(4) When the office of the Controller of Examinations is vacant or when the Controller
of Examinations is, by reason of illness, absence or any other cause, unable to
perform the duties of his or her office, the duties of the office shall be performed
by such person as the Vice-Chancellor may appoint for the purpose.

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University Grants Commission