(1) The Board shall constitute a Finance Committee consisting of the following members, namely:-
(i) The Vice-Chancellor - Chairperson;
(ii) The Principal Secretary to Government, Finance Department or his nominee not below the rank of a Deputy Secretary;
(iii) The Principal Secretary or Secretary to Government, Horticulture Department his nominee not below the rank of a Deputy Secretary;
(iv) One member of the Board of Management nominated by Vice-Chancellor;
(v) Registrar;
(vi) The Comptroller – Member Secretary.
(2) Finance Committee shall have the following functions, namely:-
(i) To examine the annual accounts and budget estimates of the University and to advice the Board thereon;
(ii) To review the financial position of the University from time to time;
(iii) To make recommendations to the Board on all matters relating to the finances of the University;
(iv) To make recommendation to the Board on observing utmost economy, bringing out austerity measures and suggesting curbs on wasteful expenditure;
(v) To make suitable recommendations to the Board for cost recovery mechanism for both research and teaching to further improve the financial strength of the University.
CHAPTER - VII AFFILIATION OF COLLEGES AND RECOGNITION OF INSTITUTIONS