Finance Committee.

(1) There shall be a Finance Committee with the following members, namely :- (a) Director, who shall be the Chairman; (b) nominees of the State Government representing: (i) the department dealing with Technical Education; (ii) the department dealing with Finance respectively: (c) a member of the Board to be nominated by it; (d) one person of eminence with background in finance or accounts to be nominated by the Board, not being the employee of the Institute; (e) The Chief Finance and Accounts officer of the Institute, who shall be the Secretary; (f) The Registrar; (g) A person to represent the Sponsor. (2) The members of the Finance Committee, other than the Chief Finance and Accounts officer and the ex-officio members; shall hold office for a term of three years from the date of their nomination.