Section 16 in Ayush and Health Sciences University of Chhattisgarh Act, 2008
16. The Finance and Accounts Officer.
(1)The Finance and Accounts Officer shall be the principal finance accounts and audit officer of the university.(2)The Finance and Accounts Officer shall be a whole time salaried officer and shall be appointed by the Vice-chancellor with the prior approval of the Board of Management.(3)The Finance and Accounts Officer shall be appointed from deputation from State Accounts Service.(4)The emoluments and conditions of Service shall be such as prescribed by the statutes.(5)The duties of Finance and Accounts Officer shall be to :-(a)exercise general supervision over the funds of the university and to advise the Vice-chancellor in regard to the financial policies of the university;(b)subject to the control of the Vice-chancellor manage the investment of the university;(c)be responsible for seeing that all money are expended on the purpose for which they are granted or allotted and no expenditure not authorized in the budget, is incurred by the, university;(d)exercise such other powers as may be conferred on him by the statutes.
