section 27
Finance and Accounts Committee and its functions
The Shree Somnath Sanskrit University Act, 2005Education200546 sections8 chapters
Chapter IV AUTHORITIES OF UNIVERSITY
Statutory text
- (1) The University shall constitute a Finance and Accounts Committee.
- (2) The constitution of committee, the term of office of its members and the procedure to be followed by it shall be such as may be prescribed.
- (3) The Finance and Accounts Committee shall discharge the following functions, namely:-
- (a) to review the expenditure incurred by the University;
- (b) to ensure proper utilization of the money by the University according to budget provisions;
- (c) to review the position of financial resources of the University;
- (d) to formulate budget programmes;
- (e) to recommend economy in administrative expenses;
- (f) to perform such other functions relating to accounts and audit of the revenue and expenditure of the University as may be assigned to it by the Executive Council; and
- (g) to advise the Executive Council in financial matters whenever such advice is sought by the Executive Council.
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