Section 27 in The Krantiguru Shyamji Krishna Verma Kachchh University Act, 2003
27. Finance Committee.
(1)There shall be a Finance Committee.(2)The constitution of such committee, the term of office of its members and the procedure to be followed by it shall be such as may be prescribed by the Statutes.(3)The Finance Committee shall perform the following functions, namely:(a)to review the expenditure incurred by the University;(b)to ensure proper utilization of the money by the University according to the budget provisions;(c)to review the position of financial resources of the University;(d)to formulate budget programmes;(e)to recommend economy in administrative expenses;(f)to perform such other functions relating to accounts and audit of the revenue and expenditure of the University as may be assigned to it by the Executive Council; and(g)to advise the Executive Council in financial matters whenever such advice is sought by the Executive Council.
