Amendment status not verified — confirm the current text below against the official source.
The Majlis-i-Maliyat (Finance Committee): (1) Constitution : The Majlis-i-Maliyat (Finance Committee) shall consist of the following members, namely :- (i) the Shaikh-ul-Jamia (Vice-Chancellor); (ii) the Naib Shaikh-ul-Jamia (Pro Vice-Chancellor); (iii) two Deans of the Faculties to be nominated by the Majlis-i- Muntazimah (Executive Council); (iv) the Musajjil (Registrar); (v) two persons to be nominated by theMajlis-i-Muntazirnah (Executive Council) from amongst its members other than those in the service of the University; (vi) three persons to be nominated by the Amir-i-Jamia (Chancellor) in consultation with the Minister. (2) Secretary : The Finance Officer shall be Secretary of the Committee but shall not be the member of the Committee. (3) Meeting: The Majlis-i-Maliyat (Finance Committee) shall meet at least twice a year to examine the account and to scrutinize proposals for expenditure. (4) Term : All the members other than the ex officio members shall hold office for a term of four years. (5) Quorum : Five members of.the Majlis-i-Maliyat (Finance Committee) shall form the quorum. (6) Budget : The Annual Accounts and the financial estimates of the University prepared by the Finance Officer shall be laid before the Majlis-i-Maliyat (Finance Committee) for consideration and comments, and thereafter submitted to the Majlis-i-Muntazimah (Executive Council) for approval. (7) Approval of Budget: The Majlis-i-Maliyat (Finance Committee) shall fix limits for total recurring expenditure and the total non-recurring expenditure for the year, based on the income and resources of the University (which, in case of productive works may include the proceeds of loans) and expenditure shall not be incurred by the University in excess of the limits so fixed. (8) Limitation : No expenditure other than provided for in the budget shall be incurred by the University without approval of the Majlis-i-Maliyat (Finance Committee).