Finance Committee

(1) The Finance Committee shall consist of the following members, namely:- (a) The Vice-Chancellor; (b) The Pro-Vice-Chancellor; (c) Three persons to be nominated by the Executive Council, out of whom at least one shall be a member of the Executive Council; and (d) Three persons to be nominated by the Chancellor. (2) Five members of the Finance Committee shall form a quorum for the meeting of the Finance Committee. (3) All the members of the Finance Committee, other than ex-officio members, shall hold office for a term of three years. (4) A member of the finance Committee shall have the right to record a minute of dissent if he does not agree with any decision of the Finance Committee. (5) The Finance Committee shall meet at least thrice every year to examine the accounts and to scrutinize proposals for expenditure. (6) The annual accounts and the finance estimates of the University prepared by Finance officer shall be laid before the Finance Committee for consideration and comments and thereafter submitted to the Executive Council for approval.