Amendment status not verified — confirm the current text below against the official source.
Finance Committee.- (1) The Board shall constitute a Finance Committee consisting of the following members, namely:- (i) The Vice-Chancellor - Chairperson (ii) The Principal Secretary to Government, Finance Department or his nominee not below the rank of a Deputy Secretary. (iii) The Principal Secretary or Secretary to Government, Agriculture Department or his nominee not below the rank of a Deputy Secretary. (iv) One member of the Board of Management nominated by Vice-Chancellor (v) Registrar- member (vi) The Comptroller – Member Secretary (2) Finance Committee shall have the following functions, namely:- (i) To examine the annual accounts and budget estimates of the University and to advice the Board thereon; 38 (ii) To review the financial position of the University from time to time; (iii) To make recommendations to the Board on all matters relating to the finances of the University; (iv) To make recommendation to the Board on observing utmost economy, bringing out austerity measures and suggesting curbs on wasteful expenditure. (v) To make suitable recommendations to the Board for cost recovery mechanism for both research and teaching to further improve the financial strength of the University. CHAPTER - VII AFFILIATION OF COLLEGES AND RECOGNITION OF INSTITUTIONS