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Section 24: The Finance Committee

The Doctor Ram Manohar Lohiya National Law University Act,2005State Act of Uttar Pradesh · Act 28 of 2005

(1) There shall be a Finance Committee consisting of the following members namely :—

(i) the [Vice-Chancellor] ;

(ii) one member nominated by the General Council from amongst its members ;

(iii) one member nominated by the Executive Council from amongst its members ;

(iv) the Secretary in-charge, Department of Higher Education, Uttar Pradesh or his nominee not below the rank of Special Secretary ;

(v) the Secretary in-charge of Judicial Department Government Uttar Pradesh or his nominee not below the rank of Special Secretary ;

(vi) the Secretary in-charge, Finance Department, Uttar Pradesh or his nominee not below the rank of Special Secretary ;

(vii) the Registrar ;

(viii) The Finance Officer-Member Secretary.

(2) The nominated members of the Finance Committee shall hold office for a period of three years.

(3) The Finance Committee shall have the following powers, duties and functions namely :—

(i) to examine and scrutinize the annual budget of the [University] and to make recommendations on financial matters to the Executive Council ;

(ii) to consider all proposals for new expenditure and to make recommendations to the Executive Council ;

(iii) to consider the periodical statements of accounts and to review the finance of the [University] from time to time and to consider re-appropriation statements and audit reports to make recommendations to the Executive Council ;

(iv) to give its views and to make recommendations to the Executive Council on any financial matter affecting the [University] either on its own initiative or on reference from the Executive Council or the [Vice-Chancellor];

(4) The Finance Committee shall meet at least once in six months three members of the Finance Committee shall form the quorum.

(5) The [Vice-Chancellor] shall preside over the meetings of the Finance Committee, and in his absence, the members present shall elect a person from amongst themselves to preside over the meeting.

Where this provision sits

ActThe Doctor Ram Manohar Lohiya National Law University Act,2005
Section24
Marginal noteThe Finance Committee
JurisdictionState of Uttar Pradesh
StatusIn force as published by the source

How this provision has been amended

Taken from the footnotes printed with the provision by the source. Where a footnote names the amending instrument, it is quoted as printed.

  • substituted. Subs. by sec. 2 of U.P. Act no. 5 of 2009.
  • substituted. Subs. by sec. 2 of U.P. Act no. 35 of 2006.

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