Finance Committee
            *“24-  A (1)  The Kuladhipati shall constitute a Finance Committee for each University, consisting of the
                                  following members, namely:
                                  **(i) Kulapati of the University - Chairman;
                                  **(i-a) Registrar of the University - Member/Secretary;
                                       (ii) Finance Officer of the University;
                                  **(iii) Commissioner Higher Education or his nominee not below the rank of Joint Director;

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* The M P Vishwavidyalaya(Sansodhan)Adhiniyam,1991 (No. 23 of 1991)
** The M P Vishwavidyalaya(Sansodhan)Adhiniyam,1994 (No. 19 of 1994)

                                      (iv) Secretary to the Government of Madhya Pradesh Higher Education Department or his
                                            nominee not below the rank of Deputy Secretary;
                                      (v) Secretary to the Government of Madhya Pradesh, Finance Department or his nominee not
                                            below the rank of Deputy Secretary;

                               (2) The Finance Committee shall control the Finances of the University.
                               (3)  Subject to the provisions of this Act and the Statutes, Ordinances and Regulations made                                        thereunder,the Finance Committee shall exercise the powers and perform the functions as
                                      under:
                                      (a) to review the Income and Expenditure of the University;
                                    *(b) to prepare the annual Financial estimate of the University before the commencement of the
                                            financial year and place it before the executive council for approval and to advice
                                            ammendment from time to time.
                                      (c) to sanction proposals and take decisions on the income and expenditure of the University;
                                      (d) to get the annual accounts and the annual audit of the University completed in time and in
                                            light of the report order appropriate directions;
                            *(4) “Three members shall form the quorum, out of which presence of Kulapati and one member
                                     either from clause (iv) or (v) of sub-section (i) shall be essential.”