Section 27(3) in The Rajiv Gandhi Proudyogiki Vishwavidyalaya Adhiniyam, 1998
(3)Subject to the provisions of this Act and the Statute, Ordinances and Regulations made thereunder, the Finance Committee shall exercise the powers and perform the functions as under :-(a)to review the Income and Expenditure of the Vishwavidyalaya;(b)to prepare the Annual Financial Estimates of Vishwavidyalaya before the commencement of the financial year and place it before Executive Council for approval and to advise amendment therein from time to time;(c)to sanction proposals and take decisions on the income and expenditure of the Vishwavidyalaya;(d)to get the annual accounts and the annual audit of the Vishwavidyalaya completed in time and, in the light of the report, order appropriate directions.
