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State of Jharkhand - Section

Section 33 in The Jharkhand State Agricultural University Act, 2000

33. Finance Committee.

(1)The Board of Management shall constitute a Finance Committee consisting of the following:-
(i)Vice-Chancellor-Chairman.
(ii)An Officer of the Finance Department of the State Government not below the rank of a Joint Secretary-Member.
(iii)One Representative of the State Government in the Department of Agriculture not below the rank of a Joint Secretary-Member.
(iv)A Dean or a Director by rotation as prescribed by the Statutes-Member.
(v)One Chairman of a University Department by rotation as prescribed by Statutes-Member.
(vi)One Nominee of the Board of Management who should be a nonofficial member of the Board-Member.
(vii)Comptroller-Secretary.
(2)The Finance Committee shall have the following powers, namely:-
(i)To examine the annual accounts of the University and to advise the Board of Management thereon;
(ii)To examine the annual budget estimates and to advise the Board of Management thereon;
(iii)To review the financial position of a University from time to time;
(iv)To make recommendations to a University on all matters relating to the finances of that University; and
(v)To make recommendations to the Board of Management on all proposals involving expenditure in excess of the amount provided in the Budget.