Functions of Finance Committee

(1) The members of the Finance Committee, other than the Vice-Chancellor and the Comptroller, shall be: (c) The Secretary to the Government in charge of Fisheries, (d) The Secretary to the Government in charge of Agriculture, (e) The Secretary to the Government in charge of Finance, (f) One member chosen by the Board from amongst its non-official members; and (g) Finance Officer. (2) In case the Secretary to Government in charge of Veterinary and Animal Husbandry, Fisheries or Finance is unable to attend meeting of the Finance Committee for any reason he may depute any officer of his department not lower in rank than that of Joint Secretary to the Government to attend the meetings. The officer so deputed shall have the right to take part in the discussions of the meetings and shall have the right to vote. (3) The Vice-Chancellor shall be the ex-officio Chairman of the Finance Committee. The Comptroller shall be the ex-officio Secretary to the Finance Committee; (4) The Finance Committee shall - (a) examine the annual accounts and the annual financial estimates of the University and advise the Board thereon; (b) review the financial position of the University from time to time; (c) make recommendation to the Board on every proposal involving expenditure for which no provision has been made in the annual financial estimates or which involves expenditure in excess of the amount provided for in the annual financial estimate; (d) make recommendation to the Board on all matters relating to the finances of the University; and (e) perform such other functions as may be prescribed. The functions of the Finance Committee shall be as follows:-(i) to examine the annual budget estimates and to give advice and suggestion to the Executive Council thereon; (ii) to make recommendations to the Executive Council relating to the finances of the University; (iii) to examine every proposal for new expenditures involving a sum of money exceeding rupees one lakh and to advise the Executive Council thereon; (iv) to review the financial position of the University periodically; (v) to suggest, in general, the means for the improvement of the financial position of the University; (vi) to review grades of pay for all staff of the University so that they conform to the State Government rules and policies and report to the Executive Council; (vii) to deal with such other matters relating to the financial matters of the University, as may be prescribed by the Statutes and Ordinances. (viii) The Committee shall sit at least twice a year, and all the expenditures of the University shall be placed before the Committee.