(1) (a) The Vitta-Lekha Adhikari shall be the principal finance, accounts and audit officer of the university. He shall be full time salaried officer and shall work directly under the control of the Kulaguru;
(b) The Vitta-Lekha Adhikari shall be appointed by the Vyavasthapana Parishad either by nomination or by obtaining the services of a suitable officer on deputation from the Government of India or the State Government.
(2) The Vitta-Lekha Adhikari shall be the Sadasya-Sachiva of the Vitta-Lekha Samiti. He shall have the right to be present, speak and otherwise take part in the proceedings of the Vyavasthapana Parishad on matters which have financial implications but shall not be entitled to vote.
(3) The Vitta-Lekha Adhikari shall maintain minutes of the meetings of Vitta-Lekha Samiti and the sub-committees appointed by the Vitta-Lekha Samiti.
(4) The Vitta-Lekha Adhikari shall be responsible for presenting the annual budget, statement of accounts and audit reports, to the Vitta-Lekha Samiti and to the Vyavasthapana Parishad.
(5) The duties of the Vitta-Lekha Adhikari shall be to,-
(a) exercise general supervision over the funds of the university, and shall advice the Kulaguru as regards the finances of the university;
(b) hold and manage the funds, property and investments, including trust and endowed property, for furthering any of the objects of the university;
(c) ensure that the limits fixed by the university for recurring and non-recurring expenditure for a year are not exceeded, and that allocations are expended for the purposes for which they are granted or allotted;
(d) keep watch on the state of the cash and bank balances and of investments;
(e) keep watch on the progress of collection of revenue and advice the Kulaguru on the methods to be employed for collection;
(f) have the accounts of the university audited regularly;
(g) ensure that the registers of buildings, land, equipment and machinery are maintained upto-date and that the stock taking of equipments and other consumable material in all offices, colleges, workshops and stores of the university is conducted regularly;
(h) propose to the Kulaguru that explanation be called for unauthorised expenditure or other financial irregularities, from any academic member of university;
(i) propose to the Kulasachiva that explanation be called from any non-academic member for unauthorised expenditure or irregularities in any particular case, and recommend disciplinary action against the persons at fault;
(j) call for from any office, centre, laboratory, college, department of the university or university institution, for any information and returns that he thinks necessary for the proper discharge of his financial responsibilities; and
(k) exercise such other powers, perform such other duties, and discharge such other financial functions as are assigned to him by the Kulaguru or are prescribed by the Ordinances;
(l) ensure conduct of internal audit.