Amendment status not verified — confirm the current text below against the official source.
The Planning Board.— (I) There shall be constituted a Planning Board of the University to be the principal planning body of the University and shall also be responsible for monitoring the development of the University. (2) The constitution of the Planning Board, the term of office of Its members and its powers and functions shall be such as may be prescribed. 27, The Departments and the Schools.— (1) There shall be such number of Departments and Schools of studies and research as the University may determine from time to time. (2) The constitution, powers and functions of a Department and School shall be such as may be prescribed. 28, The Finance Committee. -- (1) There shalt be a Finance Committee constituted by the Board of Management consisting of the following (a) The Vice-Chancellor—Chainnan; (b) The Principal Secretary or Secretary (Finance) to Government ex-officio; (c) The Principal Secretary or Secretary (Technical Education) to Government ex-officio; (d) Two other members nominated by the. Board of Management from amongst its members, of whom at least one should not be an employee of the University; (e) The Registrar of the University; (I) Controller of Finance will be the member secretary; (g) Such other members as may be presdribed by the Statutes; (2) The members orthe Finance Conunittee other than the Vice-Chancellor, shalt hold office so longs as they continue as members of the Board of Management. (3) The functions and duties of the Finance Committee shall be as follows 11 (a) tiatounine and scrutiniathe jbudgrastf_th ua e tiatounine and scrutiniathe jbudgrastf_th ua e University and to make recommendations on University and to make recommendations on 'Financial matters to the Board of Management; 'Financial matters to the Board of Management; (b) to consider proposals for new expenditure and to (b) to consider proposals for new expenditure and to make recommendations to the Board of make recommendations to the Board of Management; Management; all proposals relating to revision of grades, up all proposals relating to revision of grades, up (c) gradation of the pay-scales and those items which gradation of the pay-scales and those items which are not included in the budget, shall be examined are not included in the budget, shall be examined by the Finance Committee before they are considered by the Finance Committee before they are considered by the Board of Management; by the Board of Management; to consider the annual accounts and the financial to consider the annual accounts and the financial estimate( of the University, prepared by the estimate( of the University, prepared by the Controller of Finance and laid before the Pittance Controller of Finance and laid before the Pittance Committee for approval and thereafter submitted to Committee for approval and thereafter submitted to the Board of Management; the Board of Management; the Finance Committee shall fix the Bulimia jhe (a) the Finance Committee shall fix the Bulimia jhe (a) total recurring and non-recurring expenditure for the total recurring and non-recurring expenditure for the 24 DELHI GAZETTE : EXT ORDINARY [PAttrIV year, based on income and resources of the University, and no . i tu h `the University itscxotsaofthelimitsso fuzed without 'Tie approval of the Finance Committee; (f) to give its views and to make recommendations to the Board of Management on any financial question affecting the University either on its own initiative or on reference from the Board of Management or the Vice-Chancellor. (4) The Finance Committee shall meet, at least, four times in a year. Three members of the Finance Committee shall form the quorum at any meeting. (5 The Vice-Chancellor shall preside over the meet- ings of the Finance Committee, and in his absence, a member elected at the meeting shall preside. In case of dif- ference of opinion among the members, the opinion 'of the majority of the members present shall prevail.