Finance Committee

(1) The Board of Management shall constitute a Finance Committee consisting of the following:- (i) Vice-Chancellor-Chairman. (ii) An Officer of the Finance Department of the State Government not below the rank of a Joint Secretary-Member. (iii) One Representative of the State Government in the Department of Agriculture not below the rank of a Joint Secretary-Member. (iv) A Dean or a Director by rotation as prescribed by the Statutes-Member. (v) One Chairman of a University Department by rotation as prescribed by Statutes-Member. (vi) One Nominee of the Board of Management who should be a nonofficial member of the Board-Member. (vii) Comptroller-Secretary. (2) The Finance Committee shall have the following powers, namely:- (i) To examine the annual accounts of the University and to advise the Board of Management thereon; (ii) To examine the annual budget estimates and to advise the Board of Management thereon; (iii) To review the financial position of a University from time to time; (iv) To make recommendations to a University on all matters relating to the finances of that University; and (v) To make recommendations to the Board of Management on all proposals involving expenditure in excess of the amount provided in the Budget.