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A Journal of the Confederation of Indian Universities (CIU)   

A. The Finance Committee shall consist of the following members :

a) President of the CIU - Chairman.

b) Two of the Vice-Presidents nominated by the President.

c) One nominee of the Board of Management from amongst its members.

e) Secretary General will be the Secretary of the Finance Committee.

B. Terms of Office

All members of the Finance Committee other than ex-officio members shall hold office for a term of five years and quorum for its meetings shall be of any two members.

C. Powers and Functions

a) The Finance Commiteee shall meet at least twice a year to examine the accounts and to scrutinise proposals for expenditure and to provide funds for the various works of the CIU.

b) The Finance Committee shall fix limits of the total recurring expenditure and the total non-recurring expenditure of the CIU of each year based on the income and resources of the CIU. No expenditure shall be incurred by the CIU in excess of the limits so fixed.

c) The annual accounts and financial estimates of the CIU shall be placed before the Finance Committee for consideration and thereafter submitted to the Board of Management together with the comments of the Finance Committee for approval.

d) No expenditure other than that provided in the budget shall be incurred by the CIU without the approval of the Board of Management on the recommendation of the Finance Committee.