(i) the Vice-Chancellor; : Chairman
(ii) the Principal Secretary to : Member Government of Punjab, Department of Finance;
(iii) the Principal Secretary to : Member Government of Punjab, Department of Technical Education and Industrial Training;
(iv) the Director, Technical Education : Member and Industrial Training, Punjab;
and
(v) one member of the Board, to be : Member nominated by the Chairman.
(2) The Finance Committee shall advise the Board on all financial matters.
16. Subject to the provisions of this Act, the constitution, the powers and duties of the authorities of the University other than the Board and the Academic Council shall be provided for by the regulations.
Constitution of the Finance Committee.
Powers and duties of the authorities of the University.
17. (1) The first regulations of the University shall be made by the State Government and shall be notified in the Official Gazette.
(2) The Board may, from time to time make new or additional regulations or may amend or repeal the regulations:
Provided that the Board shall not propose the draft of amendment of the regulations affecting the status, powers or constitution of any existing authority of the University, until such authority has been given an opportunity of expressing an opinion upon the proposal and any opinion so expressed shall be in writing and shall be considered by the Board.
(3) Every new regulation or any addition or any amendment or repeal of regulation shall require the approval of the Board, which may approve, disallow or remit it for further consideration.