Section 36. The Finance Committee

(1) There shall be a Finance Committee with the Vice-Chancellor as the Chairperson. (2) Other members of the Finance Committee shall be as follows;- (i) the Pro-Vice-Chancellor, (ii) the Registrar, (iii) the Finance Officer, Ex-officio Secretary, (iv) such other member as may be prescribed in the Statutes,(v) the senior most accountant of the University, where the seniority of the accountant would be determined based on the date of joining in the University, (vi) one senior teacher to be nominated by the Vice-Chancellor, (vii) one external expert, associated with the field of finance, preferably a chartered accountant to be nominated by the Vice-Chancellor. (3) The tenure of the nominated members of the Finance Committee will be for a period of three years. (4) The powers and functions including the power of delegation of the Finance Committee shall be provided by the Statutes and its procedure in financial matters shall be provided by the Ordinances.