23. (1) The Finance Committee shall consist of : -
(a) the Vice-Chancellor, who shall be the Chairperson thereof;
(b) the Principal Secretary to the Government in the Medical Education Department;
(c)the Principal Secretary to the Government in the Finance Department;
(d)the Pro-Vice-Chancellor, if any;
(e)the Registrar;
(f) the Controller of Examinations;
(g)the Finance Officer, who shall be the Secretary of the Committee.
(2) A member referred to in clause (b) or clause (c) of subsection (1) may, instead of attending any meeting of the Finance Committee himself depute an officer, not below the rank of a Joint Secretary to the Government and an officer so deputed shall also have the right to vote.
(3) The Finance committee shall advice the Executive Council on matters relating to the administration of property and funds of the University. It shall having regard to the income and resources of the University fix limits for the total recurring and non-recurring expenditure for the ensuing financial year and may, for any special reasons, revise during the financial year the limits of expenditures so fixed and the limits so fixed shall be binding on the Executive Council.
(4) The Financial committee shall have such other powers and duties as may be conferred or imposed on it by this Act or the Statutes made thereunder.