Amendment status not verified — confirm the current text below against the official source.
(1) There shall be constituted a Finance Committee which shall be a sub-Committee of the *[Executive Council] with the following as members, namely:- (a) Vice-chancellor (Chairman); (b) two members of the *[Executive Council] nominated by it; (c) one member of the *[Executive Council] to represent Banking or Accounting; The Finance Officer shall be the Secretary of the Finance Committee. (2) The Finance Committee shall have the following duties and powers, namely:- (a) to examine the annual accounts of the University and to advise the *[Executive Council] thereon; (b) to examine the annual budget estimates and advice the *[Executive Council] thereon; (c) to review the financial position of the University from time to time; (d) to make recommendations to the *[Executive Council] on all matters relating to the finances of the University; Constitution of other funds. Finance Committee. 44 [Act No.4 of 1991] (e) to make recommendation to the *[Executive Council] on all proposals involving expenditure for which no provision has been made in the budget, or which involve expenditure in excess of the amount provided in the Budget.