Section 38. Finance Committee

(1 ) The board shall constitute a Finance Committee, consisting of—

(i) The Vice-Chancellor (ex-officio Chairman) ;

(ii) Financial Advisor ;

(iii) Two Secretaries to Government to be nominated by the Government ;

(iv) Director Research/Director Extension Education/Director Resident Instruction (one Director by rotation every year to be nominated by the Vice-Chancellor) ;

(v) One nominee of the Board who should be the non-official member of the Board ;

(vi) Comptroller shall be the ex-officio Secretary of the Committee.

(2) Finance Committee shall have the following functions :—

(i) to examine the annual accounts and budget estimates of the University and to advise the University Council and Board thereon ;

(ii) to review the financial position of the University from time to time ;

(iii) to make recommendations to the University or all matters relating to the finances of the University.