Amendment status not verified — confirm the current text below against the official source.
Finance Committee.- (1) The Finance Committee shall consist of the following members, namely:- i) The Vice-Chancellor; (ii) The Secretary to Government in-charge of Finance; (iii)The Secretary to Government in-charge of Education; (iv) Three members nominated by the Syndicate from among its members of whom one shall be a Professor and one shall be a person nominated to the Syndicate by the Chancellor. (2) If for any reason the officer referred to in clause (ii) or clause (iii) of sub-section (1) is unable to attend any meeting of the Finance Committee, he may depute any officer of the Department concerned not lower in rank than that of a Deputy Secretary to Government to attend such meeting. The officer so deputed shall have the right to take part in the discussions of the Committee and shall have the right to vote. (3) The Vice-Chancellor shall be the ex-officio Chairman and the Finance Officer shall be the ex-officio Secretary of the Finance Committee. (4) All the members of the Finance Committee, other than the ex- officio members, shall hold office for a period of three years. (5) The Finance Committee shall meet at least twice in every year to examine the accounts and to scrutinize proposals for expenditure. (6) The annua1 accounts of the University prepared by the Finance officer shall be laid before the Finance Committee for consideration and comments and thereafter submitted to the Syndicate for approval. (7) The Finance Committee shall recommend limits for the total recurring expenditure and the total nonrecurring expenditure for the year based on the income and resources of the University which, in the case of productive works, may include the proceeds of loans; (8) The Finance Committee shall – (a) review the - financial position of the University from time to time; (b) make recommendation to the Syndicate on every proposal involving investment or expenditure for which no provision has been made in the annual financial estimates or which involves expenditure in excess of the amount provided for in the annual financial estimates; (c) prescribe the methods and procedure and forms for maintaining the accounts of the University and colleges; (d) make recommendation to the Syndicate on all matters relationg to the finances of the University; and (e) perform such other functions as may be prescribed. \ (9) The financial estimates of the University prepared by the Finance Officer shall be laid before the Finance Committee for consideration and comments. The said estimates as modified by the Finance Committee, shall then be laid before the Syndicate for consideration. The Syndicate may accept the modifications made by the Finance Committee. CHAPTER VI STATUTES, ORDINANCES AND REGULATIONS (33) Statutes:- Subject to the provisions of this Act, the statutes may provide for all or any of the following matters, namely:- (i) the holding of convocation to confer degrees; (ii) the conferment of honorary degrees and academic distinctions; (iii) the constitution, powers and functions of the authorities of the Universities; (iv) the manner of filling vacancies among members of the authorities; (v) the allowances to be paid to the members of the authorities and committees thereof; (vi) the procedure at meetings of the authorities including the quorum for the transactions of business at such meetings; (vii) the authentication of the orders of decisions of the authorities . (viii) the formation of departments of teaching at the University and the University colleges; (ix) the term of office and methods of appointment and conditions of service of the officers of the University other than the Chancellor and the Pro-Chancellor; (x) the qualifications of the teachers and other persons employed by the University; (xi) the classification, the method of appointment and determination of the terms and conditions of service of teachers and other persons employed by the University; (xii) the institution of pension, gratuity, insurance or provident fund for the benefit of the officers, teachers and other persons employed by the university ; (xiii) the institution of fellowships, travelling fellowships, scholarships, studentships, bursaries, exhibitions, medals and prizes and the conditions of award thereof. (xiv) the establishment and maintenance of halls, hostels and laboratories; (xv) the conditions for residence of students of the University in the halls and hostels and the levy of fees and other charges for such residence; (xvi) the conditions of registration of graduates and the maintenance of register thereof; (xvii) the conditions of recognition of approved colleges and of affiliation to the University of affiliated colleges; (xviii) the manner in which, and the conditions subject to which, a college may be designated as an autonomous college or the designation of such college may be cancelled and the matters incidental to the administration of autonomous colleges including the constitution or reconstitution, powers and duties of Standing Committee on Academic Affairs, Staff Council, Boards of Studies and Boards of Examiners; (xix) the delegation of powers vested in the authorities or officers of the University; and (xx) any other matter which is required to be or may be prescribed by the statutes.