Amendment status not verified — confirm the current text below against the official source.
Finance Committee.- (1) There shall be a Finance Committee consisting of the following members, namely: (i) the Vice-Chancellor, Ex-officio Chairperson; (ii) two persons nominated by the Board from amongst its members; (iii) the Secretary to the Government of Karnataka, in charge of Animal Husbandry and Fisheries Department or his nominee not below the rank of a Joint Secretary. (iv) the Secretary to the Government of Karnataka, Finance Department or his nominee not below the rank of a Joint Secretary. (v) the Comptroller of the University who shall be the Ex-Officio Secretary of the Committee. (2) The Finance Committee shall perform the following functions, namely (i) to scrutinize the annual account and budget estimates of the University and make its recommendations to the Board; (ii) to conduct the general examinations of the accounts of the University review the yearly audit reports and make its recommendations thereon; (iii) to examine all proposals of the University involving expenditure for which no provision is made in the budget or involving expenditure in excess of the amount provided for in the budget; (iv) to perform such other functions as may be prescribed by the Statutes.