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.