Amendment status not verified — confirm the current text below against the official source.
(1) The Finance Committee shall consist of the following members, namely:- (a) Ex-officio Members,- (i) the Vice-Chancellor; (ii) the Additional Chief Secretary to Government, Haryana, Finance Department or his nominee not below the rank of Joint Secretary; (iii) the Administrative Secretary to Government, Haryana, Sports and Youth Affairs Department or his nominee not below the rank of Joint Secretary; (iv) the Director, Sports and Youth Affairs Department, Haryana; (b) (i) One outside member having expertise in finance to be nominated by the Chancellor on the recommendation of the Vice-Chancellor; (ii) Two Deans of Faculties to be nominated by the Vice-Chancellor. (c) The Registrar, who shall be ex-officio Secretary of the Finance Committee. (2) Four members out of whom at least one member shall be a Government nominee shall form a quorum for a meeting of the Finance Committee. (3) All the members of the Finance Committee, other than ex-officio members, shall hold office for a term of two years. (4) A member of the Finance Committee shall have the right to record a minute of dissent if he does not agree with any decision of the Finance Committee. (5) The Finance Committee shall meet at least thrice every year to examine the accounts and to scrutinize proposals for expenditure. (6) All proposals relating to creation of posts, and those items which have not been included in the budget, shall be examined by the Finance Committee before they are considered by the Executive Council. (7) The annual accounts and the financial estimates of the University prepared by the Finance Officer shall be laid before the Finance Committee for consideration and comments and thereafter submitted to the Executive Council for approval. (8) The Finance Committee shall recommend limits for the total recurring expenditure and the total non-recurring expenditure for the year, based on the income and resources of the University (which, in the case of productive works, may include the proceeds of loans). Selection Committees.