Section 20(3) in Indraprastha Institute of Information Technology Delhi Act, 2007
(3)The functions and duties of the Finance Committee shall be as follows:-(a)To examine and scrutinize the annual budget of the Institute and to make recommendations on financial matters to Board of Governors;(b)To consider all proposals for new expenditure and to make recommendations to the Board of Governors;(c)To consider the periodical statement of accounts and to review the finances of the Institute from time to time and to consider re-appropriation statements to the Board of Governors;(d)To give its views and to make recommendations to the Board of Governors on any financial question affecting the Institute either on its own initiative or on reference from the Board of Governors.
