Act or the Statutes.

Finance Committee Finance Committee.—(1) The Finance Committee shall be the principal financial body of a University to take care of the financial matters.

1. (2) The Finance Committee shall consist of—
   • (a) the Vice-Chancellor-Chairperson;
   • (b) two nominees of the sponsoring body ;
   • (c) a nominee of the Government;
   • (d) the Finance Officer-Secretary.
2. (3) The Finance Committee shall—
   • (a) scrutinize the annual budget;
   • (b) advise on all matters relating to finance and investments,
   • (c) recommend to the Governing Council the fee structure,
   • (d) exercise such other powers as may be conferred by this