The Finance Committee

(1) The Board of Management shall constitute a Finance Committee consisting of not more than five members as follows :- (1) the Vice-Chancellor, ex-officio Chairman; (2) the Secretary, Finance Department or his nominee; (3) the Secretary, Education Department or his nominee; (4) two members nominated from among the members of the Board of Management by the Board of Management; (5) the Finance Officer, ex-officio Member Secretary. (2) The Registrar shall be a permanent invitee to Finance Committee. (3) The powers and functions of the Finance Committee shall be as follows:- (i) scrutinize the annual budget estimates and make its recommendations to the Board of Management; (ii) conduct general examination of the accounts of the University and consider the audit reports and make its recommendations thereon; (iii) examine all proposals of the University involving expenditure for which no provision has been made in the budget or involving expenditure in excess of the amount provided for in the budget; and (iv) such other functions as may be prescribed by the statutes; (1) The powers regarding discipline and disciplinary action in regard to the students of the University shall vest with the Vice-Chancellor. The Vice-Chancellor may delegate all or any of the powers, as he may deem fit. (2) Without prejudice to the generality of his powers relating to the maintenance of discipline and taking such action as he may deem appropriate for the maintenance of discipline, the Vice-Chancellor may, in the exercise of his power by order, direct that any student or students be expelled or rusticated for a specified period and not admitted to a course or period or be punished with a fine for an amount to be specified in the order, or debar him from taking an examination or examinations conducted by the University or a recognised institution for one or more years or that the result of the student or students concerned in the examination or examinations in which she or he has appeared to be cancelled. (3) The heads of recognised institutions shall have the authority to exercise all such disciplinary powers over the students in their respective institutions as may be necessary for proper conduct of such institutions.