(1) The Finance Committee of each Institute shall consist of the following persons, namely:—
(a) the Chairperson, Board of Governors, ex officio, who shall be the Chairperson of the Committee;
(b) one representative of the Government of India, Ministry of Human Resource Development, Department of Higher Education handling the matters relating to Indian Institute of Information Technology, ex officio;
(c) one representative of the Government of India, Ministry of Human Resource Development, Department of Higher Education handling the matters relating to finance, ex officio; (d) two persons nominated by the Board;
(e) the Director, ex officio;
(f) the Officer incharge of Finance and Accounts of the Institute, ex officio Secretary.
(2) The members of the Finance Committee other than ex officio members shall hold office for a term of three years.
(a) the Chairperson, Board of Governors, ex officio, who shall be the Chairperson of the Committee;
(b) one representative of the Government of India, Ministry of Human Resource Development, Department of Higher Education handling the matters relating to Indian Institute of Information Technology, ex officio;
(c) one representative of the Government of India, Ministry of Human Resource Development, Department of Higher Education handling the matters relating to finance, ex officio; (d) two persons nominated by the Board;
(e) the Director, ex officio;
(f) the Officer incharge of Finance and Accounts of the Institute, ex officio Secretary.
(2) The members of the Finance Committee other than ex officio members shall hold office for a term of three years.
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More sections of this act
Section 1 · Short title and commencement.Section 2 · Declaration of certain institutions as institutions of national importance.Section 3 · Definitions.Section 4 · Incorporation of Institutes.Section 5 · Effect of incorporation of Institutes.Section 6 · Objects of Institute.Section 7 · Powers and functions of Institute.Section 8 · Institute to be open to all races, creeds and classes.India Code, Government of India. Text fetched 24 Oct 2026. Source metadata reports last modification: 2019-11-29. Check the linked official text and subsequent notifications when applying a provision.