(1) The Finance Committee shall consist of the following members, namely:-
(a) the Vice-Chancellor, who shall be the Chairman of the Committee;
(b) the Secretary in charge of Finance Department or his nominee, not below the rank of a Deputy Secretary to the Government;
(c) the Secretary in charge of Higher Education Department or his nominee, not below the rank of a Deputy Secretary to the Government;
(d) the Secretary in charge of Technical Education Department or his nominee, not below the rank of a Deputy Secretary to the Government;
(e) one member of the Board, to be nominated by the Board from amongst its non official members;
(f) two professors, by rotation, to be nominated by the Board; and
(g) the Comptroller, who shall be the Member-Secretary of the Committee.
Explanation.- For the purpose of this sub-section, “Secretary in charge” means the Secretary in charge of the Department and includes an Additional Chief Secretary and Principal Secretary when he is in charge of a department.
(2) The term of office of the members nominated under clauses (e) and (f) shall be two years.