Amendment status not verified — confirm the current text below against the official source.
Subject to the other provisions of this Act, the Finance Committee shall exercise the following powers and perform the following functions, namely:— (i) to examine the annual accounts and annual budget estimates of the Institute and advise the Board thereon; (ii) to review the financial position of the Institute from time to time; (iii) to make recommendations to the Board on all financial policy matters of the Institute; (iv) to make recommendations to the Board on all proposals involving raising of funds receipts and expenditure; (v) to provide guidelines consistent with the objectives and development plans of Institute; (vi) to make recommendations to the Board on all proposals involving expenditure for which no provision has been made in the budget or for which expenditure in excess of the amount provided in the budget has been incurred; (vii) to examine all proposals relating to revision of scale, upgradation of the scale and those items which are not included in the budget, before they are placed before the Board; (viii) to exercise such other powers and perform such other functions as may be conferred or imposed upon it by the regulations. PART III] THE KOLKATA GAZETTE, EXTRAORDINARY, JANUARY 1, 2009 9 The Dhirubhai Ambani Institute of Information and Communication Technology Act, 2008. (Sections 18, 19.) Appointment, term of office and other conditions of service of Director. Power and duties of the Director.