Definitions

In this Act, and in all Statutes made hereunder, unless the context otherwise requires,-- (1) “Academic Council” means the Academic Council of the University; (2) “affiliated college” means a collage recognized by the University as such in accordance with the provisions of this Act and the Statutes in which instruction is provided in accordance with the provision of the Statutes and Ordinances; (3) “autonomous college” means a college recognized as such by the statutes; (4) “autonomous Department” means a Department designated as such by the Statutes; (5) “autonomous institution” means an institution recognized as such by the Statutes; (6) “Board of Studies” means the Board of Studies of the University; (7) “Chancellor”, “Vice-Chancellor” and “Registrar” means, respectively, the Chancellor, Vice- Chancellor and Registrar of the University; (8) “College” means a college maintained by the University and includes an affiliated College; (8a) “Court” means the Court of the University. (9) “Department” means a Department of the University; (10) “Executive Council” means the Executive Council of the University; (11) “ Government” means the Government of the state of Goa. (12) “Hall” means a unit of residence or of corporate life for the students of the University, College or Institution, provided, maintained or recognized by the University; (19) “hostel” means a place of residence for students provided, maintained or recognized by the University; (20) “institution” means an academic institution, not being a college maintained by the University; (21) “Principal” means the Head of a Collage or institution; (17) “Statutes”, “Ordinances” and “Regulation” mean, respectively, the Statutes, Ordinances and Regulations of the University; (18) “teachers of the University” means Professors, Readers, Lecturers and such other persons as may be appointed for imparting instruction or conducting research in the University or in any college or institution maintained or recognized by the University and designated as such by the Ordinances; (1) “University” means the Goa University; The Finance Officer shall be appointed in such manner and shall exercise such powers and perform such duties as may be prescribed by the Statutes. (1) The Finance Committee shall consist of the following members, namely :-(i) the Vice-Chancellor; (ii) three persons nominated by the Executive Council, out of whom at least one shall be a member of the Executive Council; and (iii) three persons nominated by the Chancellor. (2) Five members of the Finance Committee shall form a quorum for a meeting of the Finance Committee. (3) All the members of the Finance Committee, other than the Vice –Chancellor and members of the Executive Council shall hold office for a term of three years. (4) A member of the Finance Committee shall have the right to record a minute of dissent if he does not agree with any decision of the Finance Committee. (5) The Finance Committee shall meet at least twice every year to examine the accounts and to scrutinize proposals for expenditure. (6) The annual accounts and the financial estimates of the University prepared by the Finance Officer shall be laid before the Finance Committee for consideration and comments and thereafter submitted to the Executive Council for approval. (7) The Finance Committee shall recommend limits for the total recurring expenditure and the total non-recurring expenditure for the year based on income and resources of the University (which, in the case of productive works, may include the proceed of loans).