Finance Committee

(1) There shall be a Finance Committee constituted byths Academic Senate consisting of the following, namely:- (a) The Pro- Chancellor. (b) The Vice-Chancellor. (c) The Finance Officer. (d) A nominee of the State.Government of Sikkim. (e) Two nominees of the Governing Council. (3) the functions and duties of the Finance Committee shall be as follows:- (a) to examine and scrutinise the annual budget of the University and to make recommendation on financial matters to the Executive Committee. (b) to consider all proposals for new expenditure and to make recommendations to the Executive Committee. (c) to exarnlne the annual accounts of the University and advice the E),ecutive Committee thereon. (d) to examine the annual budget estimate and advice the Executive Committee thereon. (e) to review tile financial position of the University from time to time. (f) to make recommendations t the Executive Committee on all financial matters relating to .he University, and (g) to make recommendations to the Executive Committee on all pro posals involving the raising otfu.ios, receipts and expenditure. (4) The Finance Committee shall meet at least twice in every year. Three members of the Finance Committee shall form the quorum. (5) The Pro-Chancellor shall preside over the meeting of the Finance Committee and "in his absence, the Vice-Chancellor shall preside. (6) In the case of difference of opinion among the members, the opinion of the majority of the members present shall prevail.