Section 10 in First Statutes of the Indian Institute of Petroleum and Energy, 2018
10. Finance Committee.
(1)There shall be a Finance Committee for the institute consisting of the following members, namely:-i. the President of the Board, ex-officio Chairperson;ii. one nominee of the Ministry of Petroleum &Natural Gas having expertise in Financial Management;iii. one nominee of the General Council having expertise in Financial Management;iv. two persons nominated by the Board from amongst its members with at least one having affiliation with a promoting company; andv. the Director, ex-officio member.
