Functions of the Finance Committee

(1) The Finance Officer shall get the annual budget of the University prepared along with the requisite documents and submit the same before the Finance Committee for its approval. Likewise, the Finance Officer shall also get the accounts of the annual income and expenditure of the University prepared and the same shall be got audited from the Chartered Accountant, to be appointed by the Finance Committee in this regard. (2) The budget approved by the Finance Committee alongwith the note with regard to the audit of income and expenditure of the University, referred in sub-section (1), shall be placed before the Syndicate for its approval. (3) The Finance Committee shall tender advice to the Syndicate on financial matters of the University. (4) The Finance Committee shall be responsible for the financial management of the University.