Amendment status not verified — confirm the current text below against the official source.
The Finance Committee shall have the following powers and duties, namely:----- n (i) to examine the annual budget estimates and to give advice and suggestions to the Executive Council thereon; , (ii) to make recommendations to the Executive Council ; relating to the Finance of the University; (iii) , .to examine every proposal for new expenditure involving a sum of money exceeding rupees ten thousand and to advise the Executive Council thereon; (iv) to review the financial position of the University periodically, (v) .<■ to suggest in general the means for the improvement of ' the financial position of the University; (Vi) to consider and recommend revision of grades of pay and the grades of pay of new posts to the Executive Council; and (vii)' to deal with such other matters relating to the financial matters of the University as may be prescribed by the Statutes arid the Ordinances. (1) (a) There shall be a Selection Committee for making '•^commendations, to the Executive Council for the appointment of Academic staff, Registrar, Treasurer, Librarian and other Officers of the University as may be provided by, the Statutes consisting of the following * members, namely :------ (i) the Vice-Chancellor as Chairperson of the Selection Committee, (ii) three persons not holding any office of profit under the University — one to be nominated by the Chancellor, one to be nominated by the State Government and other to be nominated by the Executive Council, (iii) the Registrar shall be the Member-Secretary of the Selection Committee except for the Selection Committee for the appointment of Registrar in which case the Vice-Chancellor shall nominate one person as Member-Secretary in consultation with the Executive Council; Provided further that, where a Selection Committee recommends to the Executive Council the name of one person only and that person is not acceptable to the Executive Council the Executive Council shall record its reasons in writing for not accepting the recommendation and direct the Registrar fo advertise the vacancy again and convene a meeting of the Selection Committee for making fresh recommendation and in so doing communicate to every member of the Selection Committee the reasons recorded above. ASSAM GAZUTK EXTRAORDINARY. JANUARY 4,2010 University fund