Amendment status not verified — confirm the current text below against the official source.
24. (1) The Finance Committee shall consist of :- (a) the Vice-Chancellor; (b) the Additional Chief Secretary or Principal Secretary, or Secretary Culture to the State Government, as the case may be; (c) the Additional Chief Secretary or Principal Secretary or Secretary, Finance Department of the State Government, as the case may be; (d) the Pro- Vice-Chancellor, if any ; (e) the Registrar; (f) the Controller of Examination; (g) one member from the Executive Council to be nominated by the Executive Council; (h) the Finance Officer or Finance Controller (whosoever is senior) shall also be the Secretary of the Committee. (2) A member referred to in clause (b) or clause (c) of sub-section (1) may instead of attending any meeting of the Finance Committee himself, depute an officer not below the rank of a Special Secretary to the State Government and an officer so deputed shall also have the right to vote. (3) The Finance Committee shall advise the Executive Council on matters relating to the administration of property and funds of the University. It shall, having regard to the income and resources of the University, fix limits for the total recurring and non-recurring expenditure for the ensuing financial year and may, for any special reasons, revise during the financial year the limits of expenditure so fixed and the limits so fixed shall be binding on the Executive Council. (4) The Finance Committee shall have such other powers and duties as may be conferred or imposed on it by this Act or the Statutes. (5) Unless a proposal having financial implication has been recommended by the Finance Committee, the Executive Council shall not take a decision thereon and if the Executive Council disagrees with the recommendations of the Finance Committee, it shall refer the proposal back to the Finance Committee with reasons for the disagreement and the decision of Executive Council shall be final.