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Section 28. Finance Committee

(1) There shall be a Finance Committee to be constituted by the Vice-Chancellor consisting of the Vice-Chancellor as its Chairman, a nominee of the State Government, the Comptroller and a nominee of the Board. The Comptroller shall also act as the secretary to the said committee.

(2) The Finance Committee shall :-

(a) examine the annual accounts and the budget estimates and advise the Board thereon;

(b) review the financial position of the University from time to time and advise the Board ; and

(c) make recommendations to the Board on any matter of finance or any proposal involving excess expenditure.