Section 24. Powers of Finance Committee.

The Finance Committee shall have the following powers, namely:- (i) to examine the annual accounts of the Institute and advise Executive Board thereon; (ii) to examine the annual budget estimates and advise the Executive Board thereon; (iii) to review the financial position of the Institute from time to time; (iv) to make recommendations to the Executive Board on all financial matters relating to the Institute; (v) to make recommendations to the Executive Board on all proposals involving raising of funds, receipts and expenditure; (vi) to make recommendation on all proposals involving expenditure for which no provision has been made in the budget, or which involve expenditure in excess of the amount provided in the budget.