The Finance Committee

(1) The Finance Committee shall consist of:— (a) the Vice-Chancellor as Chairperson; (b) the Registrar; (c) the Finance Officer –Secretary of the Committee; (d) Nominee from Finance Department, Government of Manipur (not below the rank of Deputy Secretary); and (e) two other members as may be recommended by the Sponsor. (2) The Finance Committee shall be the principal financial body of the University to take care of financial matters and shall, subject to the provision of this Act, Statutes, Ordinances and Regulations coordinate and exercise general supervision over the financial matters of the University. (3) The powers and functions of the Finance Committee shall be such as may be specified by the Statutes. (4) The quorum for meetings of the Finance Committee shall be such as may be specified by the Statutes.