Section 16 in International Institute of Information Technology (IIIT) University Act, 2013
16. Powers and functions of the Finance Committee.
- The powers and functions of the Finance Committee shall be as follows :(a)to examine the accounts and scrutinize proposals for expenditure;(b)to examine annual accounts for financial estimates of the Institute and submit the same to the Board together with comments for the approval of the Board;(c)to sanction expenditure up to the extent provided in the Statues.
