Powers and functions of Finance Committee

Subject to the other provisions of this Act, the Finance Committee shall exercise the following powers and perform the following functions, namely:-(i) to examine the annual accounts and annual budget estimates of the University and to advise the Board thereon; (ii) to review from time to time the financial position of the University; (iii) to make recommendations to the Board on all financial policy matters of the University; (iv) to make recommendations to the Board on all proposals involving raising of funds, receipts and expenditure; (v) to provide guidelines for investment of surplus funds; (vi) to make recommendations to the Board on all proposals involving expenditure for which no provision has been made in the budget or which involves expenditure in excess of the amount provided in the budget needs to be incurred; (vii) to examine all proposals relating to the revision of pay-scales, upgradation of the scales and those items which are not included in the budget prior to placing before the Board; and (viii) to exercise such other powers and perform such other functions as may be conferred or imposed upon it by the regulations. (v) the procedure and criteria to be followed in establishing courses of study and curricula, and admission of students; (vi) the procedure to be followed for enforcing discipline in the University; (vii) the management of the properties of the University; (viii) the degrees, diplomas, certificates, and other academic distinctions and titles which may be confened or granted by the University and withdrawal or cancellation of any such degrees, diplomas, ce1iificates and other academic distinctions and titles and the requirement thereof; (ix) the conduct of examinations including the term of office and appointment of examiners; (x) the creation of posts of Directors, Professors, Associate Professors, Assistant Professors, Readers, Lecturers, Head Coaches, Coaches, trainers or equivalent academic designations or posts, officers and employees of the University, and the appointment of persons to such posts including requisite qualifications thereof; (xi) the fees and other charges to be paid to the University for the courses, training, facilities and services provided by it; (xii) the terms and conditions for association of the University with other institutions; (xiii) the preparation of budget estimates and maintenance of accounts; (xiv) the mode of execution of contract or agreements by or on behalf of the University; (xv) the classification and procedure for appointment of officers, employees and other staff of the University; (xvi) the terms and conditions and the tenure of appointment, salaries and allowances, contractual services, rule of discipline and other conditions of service of the Directors, Head Coaches, other -officers, teachers and employees of the University; (xvii) the terms and conditions governing deputation of teachers, officers and employees of the University; (xviii) the powers and duties of the Directors, Head Coaches, other officers, teachers and employees of the University; (xix) the terms and conditions governing fellowships, scholarships, stipends, medals and prizes; (xx) the authentication of the orders and the decisions of the Board; (xxi) the matter relating to hostel for students and halls of residence and housing for faculties, officers and employees and guest house including disciplinary control therein; and (xxii) all matters which by this Act are to be or may be prescribed.