- The Finance Committee shall have the following powers and duties, namely :(a)to examine the annual budget estimates and to give advice and suggestions to the Executive Council thereon;(b)to make recommendations to the Executive Council relating to the Finance of the University ;(c)to examine every proposal for new expenditure involving a sum of money exceeding rupees ten thousand and to advise the Executive Council thereon;(d)to review the financial position of the University periodically ;(e)to suggest in general the means for the improvement of the financial position of the University ;(f)to consider and recommend revision of grades of pay and the grades of pay of new posts to the Executive Committee ; and(g)to deal with such other matters relating to the financial matter of the University, as may be prescribed by the Statutes and the Ordinances.
