The Finance Committee

Education202536 of 41 sections available

Statutory text

(1) There shall be a Finance Committee of the University, which shall be the principal financial advisory body of the University.
(2) The Finance Committee shall consist of the following members, namely:-
- (a) the Vice-Chancellor, who shall be the Chairperson;
- (b) the Registrar;
- (c) the Comptroller of Finance, who shall be the Member-Secretary;
- (d) one officer of the Finance Department of the State Government, not below the rank of Joint Secretary, to be nominated by the State Government;
- (e) one officer of the Higher Education Department of the State Government, not below the rank of Joint Secretary, to be nominated by the State Government;
- (f) two members of the Executive Council, to be nominated by the Executive Council; and
- (g) one expert in financial matters, who is not an employee of the University, to be nominated by the Chancellor.
(3) The Finance Committee shall have the following powers and duties, namely:-
- (a) to examine the annual accounts and budget estimates of the University and make recommendations to the Executive Council;
- (b) to review the financial position of the University from time to time;
- (c) to make recommendations to the Executive Council on all matters relating to the finances of the University; and
- (d) to perform such other duties and exercise such other powers as may be prescribed by the Statutes.

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