Powers of Finance Committee

The powers of the Finance Committee shall be as follows :-

1. (i) to examine the annual budget estimates and to give advice and suggestion to the Executive Council thereon;
2. (ii) to make recommendations to the Executive Council relating to the Finance of the University;
3. (iii) to examine every proposal for new expenditures involving sum of money exceeding rupees five lakhs and to advice the Executive Council thereon;
4. (iv) to review the financial position of the University periodically;
5. (v) to suggest in general the means for the improvement of the financial position of the University;
6. (vi) to consider and recommend revision of grades of pay and grades of pay of new posts to the Executive Council; and
7. (vii) to deal with such other matters relating to the financial matters of the University as may be prescribed by the Statutes and Ordinances.