19. Finance and Procurement Committee.

(1) The Finance and Procurement Committee shall consist of - (a) the Director -Ex-officio Chairperson; (b) the Registrar -Ex-officio Member- Secretary; (c) the Finance Officer -Ex-officio Member; and (d) one member to be nominated by the Governing Board - Member.

(2) The Finance and Procurement Committee shall advise the Board on matters relating to the administration of property and funds of the Institute including limits for the principles to be observed with regard to the recurring and non-recurring expenditure for the ensuing financial year, having regard to the income and resources of the Institute. (3) The Finance and Procurement Committee shall take all decisions related to the procurement of all products and services on behalf of the Institute. (4) The Finance and Procurement Committee shall have such other functions and powers as may be required for discharge of its functions as may be prescribed by the rules.