section 11
The Finance Committee
ASBM University, Odisha Act, 2019Education201950 sections5 chapters
Chapter 3 AUTHORITIES AND OFFICERS OF THE UNIVERSITY
Statutory text
- (1) The Finance Committee shall consist of —
- (a) the Vice-Chancellor of the University who shall be the ex- officio Chairman of the Finance Committee;
- (b) one member of the Board to be nominated by the President;
- (c) one representative of the Sponsoring Body, to be nominated by the Chairman of the Trust;
- (d) one Dean of the University, by rotation, to be nominated by the Vice Chancellor;
- (e) one expert in the field of Finance, to be nominated by the President;
- (f) the Finance Officer; and
- (g) the Registrar of the University who shall be the ex-officio Member-Secretary of the Finance Committee.
- (2) The Finance Committee shall be the principal financial body of the University to take care of financial matters and shall, subject to the provisions of this Act, Rules and Regulations, co- ordinate and exercise general supervision over the financial matters of the University and shall exercise such powers and perform such functions as may be prescribed.
- (3) The terms of office of the members other than the ex-officio members shall be three years
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