The Finance Committee

(1) The Finance Committee shall consist of following members, namely : (a) the Vice-Chancellor - Chairman (b) the Finance Officer - Member Secretary (c) Principal Secretary/Secretary to the State Government in the Higher Education Department or his nominee not below the rank of Joint Secretary to the State Government; (d) such other member as may be prescribed in the Statutes; (2) The Finance Committee shall be the principal financial body of the University to take care of financial matters Subject to the Rules, Statutes made under this Act shall establish co-ordinatun and exercise general supervision over the financial matters of the University.