(1) There shall be a Finance Committee for the University consisting of the Vice-Chancellor, the Finance Secretary to Government or an officer not below the rank of a Joint Secretary nominated by him, Finance Officer of the University and two members of the Executive Committee, of whom one from among its official members and the other from among its ex-officio members as decided by the Executive Committee.
(2) The Finance Committee shall have the following powers, namely:—
(a) to examine the annual accounts of the University and to advise the Executive Committee thereon;
(b) to examine the annual budget estimates of the University and to advise the Executive Committee thereon;
(c) to review the financial position of the University from time to time,
(d) to make recommendations to the Executive Committee on all matters
1. vide errata no. 23146/Leg.G2/2012/Law. dated 27th June, 2013 published in the Kerala Gazette Extraordinary No. 1844 dated 27th June, 2013.
30 relating to the finance of the University.
(e) to make recommendations to the Executive Committee 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.