State Act

1THE NATIONAL LAW UNIVERSITY AND JUDICIAL ACADEMY, ASSAM ACT, 2009 (SINGLE DOCUMENT)

15. (1) There shall be a Finance Committee constituted by the Executive Council consisting of the following:-- (i) the 1[Vice-chancellor] of 2[Law University] ; (ii) the Registrar of 2[Law University]; and (iii) three members nominated by the Executive Council from amongst its members out of whom at least one shall be from those nominated by the 3[Chancellor] and one from among them nominated by the Government of Assam (2) The members of the Finance Committee other than the 1[Vice-chancellor] of 2[Law University] and Registrar of 2[Law University], shall hold office so long as they continue as members of the Executive Council. (3) The functions and duties of the Finance Committee shall be as follows:- (i) to examine and scrutinize the annual budget of the 2[Law University] and to make recommendations on financial matters to the Executive Council; (ii) to consider all proposals for new expenditure and to make recommendations to the Executive Council. (iii) to consider the periodical statement of accounts and to review the finances of the 1[Law University] from time to time and to consider reappropriation statements and audit reports and to make recommendations to the Executive Council; (iv) to give its views and to make recommendations to the Executive Council on any financial question affecting the 1[Law University] either on its own initiative or on reference from the Executive Council or the 2[Vice-chancellor] of 1[Law University]. (4) The Finance Committee shall meet at least thrice in every year. Three members of the Finance Committee shall form the quorum. (5) The 2[Vice-chancellor] of 1[Law University] shall preside over the meetings of the Finance Committee, and in his absence, the Registrar of 1[Law University] shall preside. In case of difference of opinion among the members, the opinion of the majority of the members present shall prevail.