Provided that no quorum shall be necessary for adjourned meeting.

Finance Committee

1. (1) Three shall be a Finance Committee constituted by the General Council consisting of the following, namely :-
   • (a) The Vice-Chancellor of the University ;
   • (b) The Rector ;
   • (c) Secretary, Public Relations Department, Government of Madhya Pradesh or his nominee not below the rank of Deputy Secretary ;
   • (d) Two members of the General Council to be nominated by the Chairman ;
   • (e) Secretary to Government, Madhya Pradesh, Finance Department or his nominee not below the rank of Deputy Secretary.
2. (2) The members of the Finance committee shall be ex-officio.
3. (3) The functions and duties of the Finance Committee shall be as follows, namely :-
   • (i) to examine and scrutinise the annual budget of the University and to make recommendation on financial matters to the General council;
   • (ii) to consider the periodical statements of accounts and to review the finances of the University from time to time and to consider reappropriation statement and audit reports and to make recommendations to the General Council :
   • (iii) to give its views and to make recommendations to the General Council on any financial question affecting the University either on its own initiative or on reference from the General Council or the Vice-Chancellor.
4. (4) The finance Committee shall meet at least once every year. Three members of the Finance Committee shall form the quorum.
5. (5) In case of difference of opinion among the members, the opinion of the majority of the members present shall prevail.