Section 17(3) in Indian Institute of Public Health Gandhinagar Act, 2015
(3)The Finance Committee shall exercise the following powers and perform the following functions, namely:-(i)to examine the annual accounts and annual budget estimates of the University and advise the Executive Committee thereon;(ii)to review the financial position of the University from time to time;(iii)to make recommendations to the Executive Council on all financial policy matters of the University;(iv)to make recommendations to the Executive Councilon all proposals involving raising of funds, receipts and expenditure;(v)to provide guidelines for investment of surplus funds;(vi)to make recommendations to the Executive Council on all proposals involving expenditure for which no provision has been made in the budget or for which expenditure in excess of the amount provided in the budget has been incurred;(vii)to examine all proposals relating to revision of scale, up gradation of the scale and those items which are not included in the budget, before they are placed before the Executive council;(viii)to exercise such other powers and perform such other functions as may be conferred or imposed upon it by the regulations;(ix)to consider and approve plans of financial development of the University.
