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, Horticulture Department his nominee not below the rank of a Deputy Secretary; (iv) One member of the Board of Management nominated by Vice-Chancellor; 30 (v) Registrar; (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; (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