Amendment status not verified — confirm the current text below against the official source.
(1) The Board shall constitute a Finance Committee consisting of:- (i) The Vice-Chancellor (Ex-officio Chairman); (ii) The Secretary to Government, Finance Department who is member of the Board; (iii) One person from among the faculty Deans to be nominated by the Vice-Chancellor; (iv) One person from among the Directors to be nominated by the Vice-Chancellor; (v) One Member who should be the Non-officials, nominated from among the Board; (vi) Comptroller shall be the Ex-officio Member- Secretary of the Committee. Finance Committee. 44 [Act No.30 of 2007] (2) Finance Committee shall have the following functions, namely:- (i) to examine the annual accounts and budget estimates of the University and to advise the Board thereon; (ii) to review the financial position of the University at least once in six months and as may be necessary; (iii) to make recommendations to the Board on all matters relating to the finances of the University.