Amendment status not verified — confirm the current text below against the official source.
(1) The Board shall constitute Financial Committee consisting of the following persons, namely the Vice-Chancellor, the Secretaries to the Finance, Agriculture and Animal Husbandry and Veterinary Departments to the Government of Assam, the Comptroller, one member chosen by the Board from amongst its non-official members. (2) The Finance Committee shall have the following powers, namely:- (a) to examine the annual accounts of the University and to advise the Board thereon; (b) to examine the annual budget estimates and to advise the Board thereon ; (c) to review the financial position of the University from time to time; (d) to make recommendations to the University on all matters relating to the finances of the University; and (e) to make recommendations to the Board on all proposals involving expenditure for which no provision has been made in the budget or which involves expenditure in excess of the amount provided in the budget. Accounts and Auditing.