Section 19. Finance Committee

19. Finance Committee. —(1) The Finance Committee shall consist of the following members, namely:— (i) The Vice-Chancellor; (ii) Three persons nominated by the Visitor; (iii) Three persons, who are not employees of the University or of any recognised institution nominated by the Executive Council. (2) The Finance Officer shall be the Secretary of the Finance Committee. (3) Three members of the Finance Committee shall form the quorum. (4) All members of the Finance Committee, other than ex officio members, shall hold office for a term of three years. (5) The Vice-Chancellor shall preside at the meetings of the Finance Committee. (6) The Finance Committee shall meet at least twice every year to examine accounts and scrutinise proposals for expenditure. (7) The annual accounts and financial estimates of the University prepared by the Finance Officer shall be laid before the Finance Committee for consideration and comments and thereafter submitted to the Executive Council for approval with or without amendments.