(1) The financial management of the Commission shall be done in accordance with the rules laid down in Financial Handbook, Volumes 1, 2, 3 and 5:
Provided that the Commission may, with prior approval of the State Government, frame special regulations in respect of such matters as it may consider necessary.
(2) The expenditure of the Commission shall be incurred from the grants given by the State Government and receipts by way of fees, etc., in accordance with rules mentioned in sub-section (1) and that of the State Government, if any. A person who incurs expenditure in violation of the rules referred to in sub-section (1) or orders of the State Government, if any, shall be personally liable.
(3) The estimate of income-expenditure shall be prepared by the Controller of Finance under the supervision and direction of the Secretary, and expenditure shall be incurred according to the provisions of the budget after it is approved by the Commission.
(4) The Chairperson shall be the controlling officer with regard to himself, the Members, the Secretary, the Deputy Secretary, and the Controller of Finance and shall exercise all such financial powers as are ordinarily vested in the Head of the Department, in addition to all other financial powers delegated to the Chairperson by the Commission.
(5) i. The Secretary shall be the Drawing and Disbursing Officer, but he may, if he considers it necessary, by an order in writing, delegate all or any of such powers to the Deputy Secretary.
ii. The Secretary shall exercise all such powers as may be vested in the Head of an Office. In addition, the Commission may delegate such other financial powers to the Secretary as it may consider necessary.