Amendment status not verified — confirm the current text below against the official source.
SK€r!-s rl"|e (a$enru11, Cr{ER 19 ed€, zoro (iil One half of the total number of members of the Academic Council shall fronr quorum for a meeting of the Academic Council. (iiD Every meeting ofthe Academic Council shall be presided over by the Chairman of the Acidemic Council and in his absence, by a member chosen by the members present at the meeting to preside on the occasion. a) If urgenl action by the Academic Council becomes necessary the Chatrman of the Academic Council may permit the business to be transacted by circuiation of papers to the members of Academic Council. The action proposed to be taken shall not be taken unless agreed to by a majority ofthe members of the Academic Council. The action so taken shall be forthwith intimated to all the members of the Academic Council. The paper shall be placed before the next meeting of the Academic Council for information. FINANCE COPIMITTf,E 17 . Finance Committee :- (i) There sha.ll be a Finance Committee constitured by the Executive Council consisting of the following, namely- (a) TheVce-Chancellor; (b) One member nominated by the Executive Council fiom amongst its members, (c).oneofficereachoftheFinanceDepartmentandtheHigherEducationDepartment (not below the rank ofthe Deputy Secretary) Government of Jharkhand; (d) Finance Officer of the University; (e) One senior teacher preferably a specialist of the finance and accounts matter nominated by the Vce-Chanceilor (0 The Registrar. who shall be the member Secretary of the Finance Committee. (ii) The members of the Finance Committee shall hold office for a term of three years. (iii) The function and duties of the Finance Committee shall be as follows, namely :- (a) to examine and scrutinize the annual budget of the University and to make recommendations on financial matters to the Executive Council; (b) to consider all proposals for new expenditure and to malie recommendations to the Executive Council; (c) to consider the periodical Statements of accounts and to review the finances ofthe University from time to time and to consider reappropriation. (d) to examine Statements and audit reports and to make recommendations to the a -Bxecutrve L ounclt; FK€fs-g rl"i-e sTqIqRgI dc-cT{ er*e, zoro G) to give its views and to make recommendations to the Executive Council on any financial question affecting the University either on its own initiative or on. reference from the Executive Council or the \4ce-Chancellor. (iv);" 1h" Finance Committee shall meet twice every year. Five member of the Finance Committee shall forrr the quorum. (") The Vice-Charfcellor shall preside over the meetings of the Finance Committee. In case of diference of opinion among the members, the opinion of tlle majority of the members shall prevail. SELECTION AND REMOVAL OF' TEACEERS