Amendment status not verified — confirm the current text below against the official source.
The following shall be the members of the F i c e Committee: (1) The Pro Chancellor as the ex officio Chairman; (2) The Vice Chancellor as the ex offlcio Vice Chairman; (3) The Director-in-charge of operations of the University inNagaland as ex officio members (4) The Finance Officer of theuniversity as an ex-oficio member; (5) One nominee of the Governr?ent, - ~d in the Governing Council, to be named as a member by the Government ofNagaland; (6) One nominee of the Trust in the Governing Council, to be name as amernber by the Tmt: (7) One nominee of the Pro Chancellor in the Governing Council, to be named as amember by the Pro Chancellor; and (8) The Registrar as the ex oficio Secretary. (2) ~etermoftheFinanceCommit~shallrunsimdtaneo~~lywiththeGov~g Council. (3) An ex oficio member when ceases to hold the office by virtue ofwhirh he became an ex oficio member, shall cease to be a member of the Finance Committee. (4) Thenominatingauthorities shall have aright toreplace their nominees to the Committee at any point oftime. (5) Casual v,acancies arising in the Committee before its recons';h~tion shall be filled for the unexpired term. Powers and functions of Finance Committee 4 1. (I ) TheFinance Committee shall be responsible for the financial administration of the University and in doing so, shall take decisions subject to the approval of the Governing Executive Councils. Finance Committee shall,- (i) Examine and scrutinize the annual budget of the University and make recommendations on financial matters to the Executive Council; (ii) Consider all proposalsfor new expenditure and make recommendations to the Executive Council; (iii) Examine the annual accounts oftheuniversity and advise the executive Council on matters pertaining to the annual accounts; (iv) Reviewthe financial position of the university eom time to time; (v) Make recommendations to the Executive Council on all financial matters relating to the University; (vi) Make recommendations to the Executive Council on all proposals involvingthe raising of funds, receipts and expenditure; and (viii Scrutinize all proposals having financial implicationspresented to it by the officers, councils and other authorities of the University and make recommendations in regard thereto. Meetings of Finance Committee