(1)The Finance Committee shall, subject to the provisions of this Act, rules and the regulations exercise the following powers and perform the following duties:-(a)framing of annual budget of the University and allocation of funds therefor;(b)generating sources of additional income other than the grant-in-aid;(c)to advise the University on the investment of University Funds;(d)such other matters as may be referred to it by the Syndicate.(2)The Finance Committee shall have such other powers and duties as are assigned to it under the rules.]
