Section 24 in Nizams Institute of Medical Sciences Act, 1989
24. Powers of Finance Committee.
- The Finance Committee shall have the following powers, namely:-(i)to examine the annual accounts of the Institute and advise Executive Board thereon;(ii)to examine the annual budget estimates and adivse the Executive Board thereon;(iii)to review the financial position of the Institute from time to time;(iv)to make recommendations to the Executive Board on all financial matters relating to the Institute;(v)to make recommendations to the Executive Board on all proposals involving raising of funds, receipts and expenditure;(vi)to make recommendation on all proposals involving expenditure for which no provision has been made in the budget, or which involve expenditure in excess of the amount provided in the budget.
