Amendment status not verified — confirm the current text below against the official source.
(1) The Finance Committee shall consist of the following persons, namely:- (a) The Vice-Chancellor (b) The Secretary to the Government (Finance) or his nominee not below the rank of Deputy/Under Secretary (Finance) to the Government of Puducherry (c) Two Members of the Board of Governors, out of whom one shall be from outside the University, to be nominated by the Chairperson of the Board of Governors Finance Committee. .. Chairperson; .. Member; .. Members; 257 PART–II] LA GAZETTE DE L'ETAT (d) One of the Chancellor's nominees in the Board of Governors nominated by the Vice-Chancellor (e) The Director of Higher and Technical Education, Government of Puducherry (f) The Registrar (g) The Finance Officer (2) The Finance Committee shall atleast meet once in three months in a year; (3) The meetings of the Finance Committee shall be convened by the Chairperson; (4) One half of the Members of the Finance Committee shall form the quorum for a meeting of the Finance Committee; (5) The Finance Committee shall advise the Board of Governors on all financial matters and shall have the powers,- (a) to examine the Annual Accounts and Budget Estimates of the University and to advise the Board of Governors thereon; (b) to examine the Annual Audit and Action Taken Reports on audit objection; (c) to review the financial position of the University and to make recommendations to the Board of Governors on all matters relating to the finances of the University; (d) to examine and make recommendations to the Board of Governors on all proposals involving expenditure for which no provision has been made in the Budget, or which involves expenditure in excess of the amount provided in the Budget; .. Member; .. Member; .. Member; .. Member- .. Secretary. 258 LA GAZETTE DE L'ETAT [PART–II (e) to consider all proposals relating to the revision of pay scales, fixation of honorarium to the Members of various Committees, travelling allowance, fee for various courses to be charged from the students and remuneration to experts, paper setters, examiners, evaluators, etc. and (f) to exercise such other powers and perform such other functions as may be conferred or imposed upon it by the Regulations; (g) to approve major policy changes in the pay recommendations/expenditure pattern relating to the finances of the University; and (h) to approve any other financial requirements before placing it to the Board of Governors.