The Finance Committee

(1) There shall be a Finance Committee consisting of the following, namely :-(i) the Vice Chancellor;(ii) one member nominated by the Governing Council from amongst its members;(iii) one member nominated by the Executive Council from amongst its members;(iv) one representative of the State Government not below the rank of Deputy Secretary, Government of Tripura;(v) the Registrar of the University;(vi) one representative from the establishment of Accountant General (A&E), Tripura to be nominated by the Accountant General, Tripura.(vii) the Finance Officer, shall be the Member Secretary.(2) The nominated members of the Finance Committee shall hold office for a period of three years;(3) The Finance Committee shall have the following powers, duties and functions-(i) to examine and scrutinize the annual budget of the University and to make recommendations or financial matters to the Executive Council,(ii) to consider all proposals for new expenditure and to make recommendations to the Executive Council,(iii) to consider the periodical statements of accounts and to review the finances of the University from time to time and to consider reappropriation statements and audit reports to make recommendations to the Executive Council,(iv) to give its views and to make recommendations to the Executive Council on any financial matter affecting the University either on its own initiative or on reference from the Executive Council or the Vice Chancellor,