(1) There shall be a Purchase Committee for dealing with all matters pertaining to all purchases of the University, in respect of such items where individual cost of each item exceeds rupees ten lakh at a time.
(2) The Purchase Committee shall consist of the following members, namely :-
(a) the Vice-Chancellor - Chairperson ;
(b) Chancellor's nominee from the Board of Governance ;
(c) one Dean of the Schools and one Head of University departments nominated by the Vice-Chancellor ;
(d) one expert, nominated by the Vice-Chancellor preferably in the area of Materials Management from the Industry or Institute of Chemical Technology (ICT) ;
(e) Registrar ;
(f) Finance and Accounts Officer-Member-Secretary.
(3) During the absence of the Finance and Accounts Officer, the Registrar shall act as the Secretary of the Purchase Committee.
(4) The Purchase Committee shall invite the Head of the Department or Head of the Centre for which the purchases are to be made.
(5) All members of the committee, other than ex-officio members shall hold office for a term of three years and shall not be eligible for a second consecutive term in the University.
(6) All matters pertaining to all purchases of the University in respect of such item where individual cost of each item is not more than rupees ten lakh at a time, shall be as prescribed by the Statutes.
(7) The powers and duties of the Purchase Committee and the procedure for its meetings shall be as prescribed by the Statutes.
(8) If any vacancy occurs in the office of a member, the same shall be filled within one month by the Chancellor or Vice-Chancellor, as the case may be.