The Finance Committee shall have the following powers, namely:-
(i) to examine the annual accounts of the Institute and advise Executive Board thereon;
(ii) to examine the annual budget estimates and advise the Executive Board thereon;
(iii) to review the financial position of the Institute from time to time;
(iv) to make recommendations to the Executive Board on all financial matters relating to the Institute;
(v) to make recommendations to the Executive Board on all proposals involving raising of funds, receipts and expenditure;
(vi) to make recommendation 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.