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THE ABASYN UNIVERSITY ACT, 2009 THE ABASYN UNIVERSITY ACT, 2009. (1[KHYBER PAKHTUNKHWA] ACT NO. XIII OF 2009) [First published after having received the assent of the Governor of the 1[Khyber Pakhtunkhwa] in the Gazette of 1[Khyber Pakhtunkhwa] (Extraordinary) ,dated the 24th October, 2009] 1.Substituted vide Khyber Pakhtunkhwa Act No. IV of 2011 AN ACT to provide for the establishment of a University at Peshawar in the name of Abasyn University. Preamble.---WHEREAS it is expedient to provide for the establishment of a University at Peshawar in the name of Abasyn University, in the private sector, and for matters ancillary thereto; It is hereby enacted as follows: CHAPTER III OFFICERS OF THE UNIVERSITY 14. Treasurer.---(1) There shall be a Treasurer of the University to be appointed by the Chancellor on the recommendation of the Senate, on such terms and conditions as may be prescribed. (2) The experience and the professional and academic qualifications necessary for appointment to the post of the Treasurer shall be as may be prescribed. The Treasurer shall be the chief financial officer of the University and (a) manage the assets, liabilities, receipts, expenditures, funds and investments of the University; (b) prepare the annual and revised budget estimates of the University and present them to the Syndicate or a committee thereof for approval and incorporation in the budget to be presented to the Senate; (c) ensure that the funds of the University are expended on the purposes for which they are provided; (d) have the accounts of the University audited annually so as to be available for submission to the Senate within six months of the close of the financial year; and (e) perform such other duties as may be prescribed. (4) The term of office of the Treasurer shall be a renewable period of three years: Provided that the Chancellor may, on the advice of the Senate, terminate the appointment of the Treasurer on grounds of inefficiency or misconduct in accordance with prescribed procedure.