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There shall be a Finance Committee with the Vice-Chancellor as the Chairman. The constitution, powers and functions of the Finance Committee shall be provided by Statutes and its procedure in financial matters, including the delegation of its powers, shall be provided by Ordinances. 3(. (I) A University Professor or a University Associate Professor or a University Assistant Professor_shall be appointed by the Viee-Chanceilior, on the recommendation of the Selection Committee, and the constitution of the Selection Committee as well as the procedure for holding its meetings shall be in consonance with the University Grants Commission regulations and recruitment rules framed by the State Government front time to time. t2) Notwithstanding anything contrary to the provisions of University Grants Commission regulatioie„ the nornince ot the Vice-Chancellor shall he the head of the Selection Commutet.i. which shall send its recommcnrhiron, to /he \'t se_ Chancel lor along with reasoned record of assessment 4)1 the persom appeared before it (or selection. 37, ( At least four members, it winding two outside subject experts. shall constitute The quorum for a meeting of the Selection Committee. (2) If the Vice-Chancellor does not accept the reconimendation of a Selection Committee, it shall refer the recommendation back to the Selection Committee with reasons for reconsideration and if the Vice. Chancellor does slot accept the reconsidered yic.ws of the S.clection Committee. the Mater shall be referred to the Chancellor \viol reasons and the decision of the Chancellor shall be final,