Section 10 in First Statutes of the Jai Narayan Vyas University Jodhpur
10. Finance Committee Composition, Functions etc.
- The Finance Committee shall consist of the following members, namely:(i)the Vice-Chancellor (Ex-officio Chairman);(ii)two persons (being expert in financial matters) nominated by the Chancellor;(iii)two persons, not employees of the University or a recognised college or institution, elected by the Syndicate;(iv)one person nominated by the Education Commissioner;(v)one teacher nominated by the Vice-Chancellor.Registrar shall be non-member Secretary of the Finance Committee.(1)Three persons of the Finance Committee shall form a quorum.(2)The Chancellor's nominee, as well as the member elected by the Syndicate shall hold office for a term of three years.(3)A member of the Finance Committee shall have the right to record a minute of dissent if he dissents from his colleagues.(4)The Finance Committee shall meet at least twice a year to examine the accounts and scrutinise proposals for expenditure.(5)The annual accounts and the financial estimates of the University prepared by the Registrar shall be laid before the Finance Committee and thereafter submitted to the Syndicate for approval.(6)The Finance Committee shall suggest limits for the total recurring expenditure and the total non-recurring expenditure for the year, based on the income and resources of the University (which in the case of productive work, may include the proceeds of loans). The expenditure incurred by the University shall be within the limits so suggested.(7)The Finance Committee shall suggest moneys to be credited to the University Fund and also the matters to which the University Fund may be applied or appropriated.
