Section 29(4) in Karnataka Janapada Vishwavidyalaya Act, 2011
(4)The Finance Committee shall perform the following functions, namely:-(i)to conduct the general scrutiny of accounts of the University, review the yearly audit reports and make recommendations thereon;(ii)to scrutinise the annual budget estimates and make recommendations to the Academic Council and Syndicate;(iii)to scrutinise all proposals of the University involving expenditure for which no provision is made in the budget or involving the expenditure in excess of the amount provided for in the budget including creation, upgradation and abolition of posts in the University;(iv)such other functions as may be prescribed by the Statutes;
