The Finance Committee-

26. The Finance Committee- (1) The Finance Committee shall consist of the Vice-Chancellor as the Chairman, the Pro- Vice-Chancellor, an Officer of the State Government not below the rank of a Joint Secretary to be nominated by the State Government the finance officer of the University and three such other members as are not members of the Executive Council, to be elected by and from amongst the teachers of the University in the manner prescribed by the Statutes: Provided that until appointments of teachers are made, the Chancellor shall nominate one teacher and two Finance Officers from other Universities in the State to be the members of the Finance Committee. The teacher to be nominated must not be below the rank of Professor. झारखडगजट(असाधारण) मंगलवार, 23 नव.बर, 2021 (2) The term of office of members, other than the ex-officio members, shall be for a period of three years with effect from the respective dates of their election and shall include any further period which may elapse between the expiration of the said three years and the date of the next succeeding election not being an election to fill up any casual vacancy. (3) The Finance Committee shall- (i) advise the University on any question affecting its finances; (ii) prepare the annual estimate of income and expenditure of the University including the estimates of the Schools of the University and of the Study Centres recognised by it; (iii) subject to Statutes, it shall have power to scrutinise the estimates of the study centres; (iv) subject to Statutes, have power to scrutinise every item of new expenditure not provided for in the Budget estimates of the University; (v) be responsible for the strict observance of the Statutes relating to the maintenance of accounts of income and expenditure of the University; and (vi) discharge such other functions of financial nature as may, from time to time be prescribed by the Statutes or entrusted to it by the Executive Council