The Finance Committee

(1) The Firmce Conrittee shall have the following members, namely:-(a) Chancellor;(b) Principal Secretay/ Secretary of the Department of Higher Education of the State Goverrment, or a officer nominated by him who is not below the rank of Additional Secrctny;(c) Principal Seertry/ Scoretary of the Finance Department of the State Government, or a officer nominated by him who is not belowthe rank of Additional secrctary;(d) R£Sstrar;(e) A person nominated by the Execirdve Council to represent the Executive Council who has extensive experience in financial matters. The person to be elected shall not be a member of the management corrmittee' of the University or any affiliated college, self-financed institution or associate college, or a person serving in such college;(f) A person flominated by the State Government, who is renowned in the financial and/or academic field;(g) Examimtion controller;(h) Finance officer whoshallalsot]etheSeerctaryofthecomlnittee.(2) The Finance Conmittee shall advise the Executive Councn on matters related to the edministratiofl of the property and funds of the University. It shall fix the total recurring and non-recurring expenditure limit for the subsequent financial year, keeping in view the income and resources of the university and for such prial reasons may revise, such fixed limit shall be levied on the Executive Council during the financial year: Provided the provisions of this subsection shall not apply to the powers received by the Vice-Chancellor under subsection (7) of Section 12, and additional expenses incurred shall be mct by saving in other areas Of the budget.(3) The Finance Committee shall have such other powers and duties as may be conferred or imposed on it by this Act or Statutes.(4) Unless the proposal has financial inplicatious, is recommended t]y the Finance Committee, the Executive Council shall not decide on it and if the Executive Council disagrees with the recommendations of the Fimnce Committee, it shall ret`m the proposal to the Finance Committee with reasons for disagreement, and if the exeoutive Council again disagrees with the recommendations of the Finance Committee, the case shall be refeITed for decision to Government, whose decision shall be final