The Finance Committee

(1) The Finance Committee shall consist of the following members, namely:- (a) the Vice-Chancellor as Chairperson; (b) the Registrar; (c) the Finance Officer who shall be the secretary of the Committee; (d) nominee from Finance Department, Government of Sikkim (not below the rank of Deputy Secretary); and (e) two other members as may be recommended by the Sponsoring Body. (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 co-ordinate 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.