Section 30(7) in The Dr. Babasaheb Ambedkar Technological University Act, 1989
(7)The Finance Committee shall scrutinise the annual accounts to satisfy itself that the moneys shown as having disbursed were properly available for the purposes for which they were spent, and that the expenditure incurred was in accordance with the provisions of this Act, the Statutes or the Ordinances. The Finance Committee shall submit its report to the Executive Council from time to time and suggest any action to be taken thereon regarding any lapses or irregularities which come to its notice and thereupon, the Executive Council shall take such action as it thinks necessary.
