(1) The Finance Committee shall consist of the following members:
(a) the Vice-Chancellor, who shall be the Chairperson thereof;
(b) the Principal Secretary to the State Government in the Medical Education Department.
(c) the Principal Secretary to the State Government in the Finance Department;
(d) the Pro-Vice-Chancellor, if any
(e) the Registrar;
(f) the Controller of Examinations;
(g) the Finance Officer who shall also be the Secretary of the committee.
(2) A member referred to in clause (b) or clause (c) of sub-section (1) may instead of attending any meeting of the Finance Committee himself depute an officer not below the rank of a Special Secretary to the State Government and an officer so deputed shall also have the right to vote.
(3) The Finance Committee shall advice the Executive Council on matters relating to the administration of property and funds of the University. It shall having regard to the income and resource of the University fix limits for the total recurring and non-recurring expenditure for ensuring financial year and may, for any special reasons, revise during the financial year the limits of expenditures so fixed and the limits fixed shall be binding on the Executive Council.
(4) The Finance Committee shall have such other powers and duties as may be prescribed.