Finance Committee

Finance Committee. —

1. (1) There shall be a Finance Committee consisting of—
   • (a) the Kulapati (Chairman);
   • (b) the Rector (if any);
   • (c) the Registrar;
   • (d) the Finance Officer (Secretary);
   • (e) two members to be nominated by the Executive Council from amongst its members;
   • (f) one member to be nominated by the Kuladhipati.
2. (2) The Finance Committee shall—
   • (a) examine the annual accounts and the financial estimates of the University and suggest modifications to the Executive Council;
   • (b) review the financial position of the University from time to time;
   • (c) make recommendations to the Executive Council on all matters relating to the finances of the University;
   • (d) make recommendations to the Executive Council on all proposals involving expenditure for which no provision has been made in the budget or which involve expenditure in excess of the amount provided in the budget.
3. (3) The Finance Committee shall meet at least three times in a year.
4. (4) The presence of at least three members shall be necessary to form the quorum for a meeting of the Finance Committee.