Amendment status not verified — confirm the current text below against the official source.
(1) The Finance Committee shall consist of the following members, namely:- (i) The Vice-ChanceIlor; (ii) The Secretary to Government inchargs of Finance; (iii) The Secretary to Government in-charge of Higher Education; (iv) Three members nominated by the Syndicate from among its members of whom one shall be Professor and one shall be a person nominated to the Syndicate by tht Chancellor. TAMIL NA DU GOVERNMENT GAZETTE EXTRAORDINARY I 229 -- (2) If for any reason the officer referred to in clause (ii) or clause (iii) of sub- section (I) is unable to attend any meeting of the Finance committee, he may depute any officer of his department not lower in rank than that of 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-ojficio Chairman of, and the Finance Officer shall be thc cx-officio Secretary to, the Finance Committee. (4) All the members of the Finance Committee, othei than the e4fic;o members, shall hold office for a period of three years. (5) The Finance Cunm;LtY Aa!! meet at least twice in every year to examine the accounts and to scrutinisz proposals fcr expenditure. (6) The annual accounts of the University prepared by the Fin- O5cer shell be laid before the Finance Committee for consideration and comments and there- after submitted to the Syndicate for approval. (7) The Finance Committee shall recommend limits for the total recurring wrptnditure and thf: total non-recurring expenditure for the year based on the income lad resources of th~: University which, in the case of productive works, olay include Lke 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 ~nvostment or expenditure for which no provision has been made in the annual financial estimates or which involves expenditure in excess of the amount provided ' fer in the annual financial estimates; (c) prescribe the methods and procedure and forms for maintaining the aooounts of the University and Colleges; (d) make recommendations to the Syndicate on all matters relating to the Crarces of the University ; and (e) perform such other functions~as~y be prescribed. (9) The flnancial estimates of the University prepared by the Finance Wasr &dl be laid before the Finance Committee for consideration and comments. The mid estimates, as modified by the Finance Committc:e, shall then be laid hefore the Ilyndicate for consideration. The Syndicate may accept the modiflcation made by the Finance Committee. CHAPTER VI. STATUTES, ORDINANCES AND REGULATIONS.