(1) The Finance committees shall consist of :
(a) The Vice-Chancellor - Chairman
(b) The Registrar - Secretary
(c) The Finance O6ce1
(d) Such other members as may be prescribed in the Statutes
(2) The Finance Committee shall be the principal financial body of the University to take care of financial matters and shall, subject to the provisions of this Act, the Statutes and the Rules, co-ordinate and exercise general supervision over the financial matters of the University.
Other Authorities
23. The constitution, powers and functions of the other authorities of the University shall be such as may be prescribed.
Proceedings not invalidated on account of vacancy
24. No act or proceeding of any authority of the University shall be invalid merely by reason of the existence of any vacancy or defect in the constitution of any authority.
Chapter V Statutes and Rules Statutes
25. Subject to the provisions of this Act, the Statutes may provide for any matter relating to the University and staff as given below:
(a) The constitution, powers and functions of the authorities and other bodies of the University not specified in the Act, as may be constituted from time to time;
(b) The operation of the endowment fund, the general fund and the development fund;
(c) The terms and conditions of appointment of the Vice-Chancellor, the Registrar and the Finance Officer and their powers and functions;
(d) The mode of recruitment and the conditions of service of the other officers, teachers and employees of the University;
(e) The procedure for resolving disputes between the University and its officers, faculty members, employees and students;
(f) Creation abolition or restructuring of departments and faculties;
(g) The manner of co-operation with other Universities or institutions of learning;
(h) The procedure for conferment of honorary degrees;
(i) Provisions regarding grant of freeships and scholarships;
6) Number of seats in different courses of studies and the procedure of admission of students to such courses;
(k) The fee chargeable from students for various courses of studies;
(1) Institution of fellowships scholarships, studentships, freeships, medals and prizes;
(m) Procedure for creation and abolition of posts; and
(n) Other matters which may be prescribed.
Making of Statutes