Section 13. Financial Advisor.

The Financial Advisor shall–– (a) be a whole time salaried officer of the Board and shall be appointed by the Government from amongst the members of the Jammu and Kashmir Accounts (Gazetted) Service not lower than the rank of Chief Accounts Officer ; (b) be responsible to Chairman and shall advise him on financial matters ; (c) be responsible for the preparation of the annual budget and maintenance of income and expenditure accounts ; (d) exercise such other powers and perform such other duties as may be assigned to him by the Chairman or prescribed by Regulations.