The Finance Committee shall have the following powers, namely:-
(i) to examine the annual accounts of the Institute and advise Executive Board thereon;
(ii) to examine the annual budget estimates and advise the Executive Board thereon;
(iii) to review the financial position of the Institute from time to time;
(iv) to make recommendations to the Executive Board on all financial matters relating to the Institute;
(v) to make recommendations to the Executive Board on all proposals involving raising of funds, receipts and expenditure;
(vi) to make recommendation on all proposals involving expenditure for which no provision has been made in the budget, or which involve expenditure in excess of the amount provided in the budget.
(i) to examine the annual accounts of the Institute and advise Executive Board thereon;
(ii) to examine the annual budget estimates and advise the Executive Board thereon;
(iii) to review the financial position of the Institute from time to time;
(iv) to make recommendations to the Executive Board on all financial matters relating to the Institute;
(v) to make recommendations to the Executive Board on all proposals involving raising of funds, receipts and expenditure;
(vi) to make recommendation on all proposals involving expenditure for which no provision has been made in the budget, or which involve expenditure in excess of the amount provided in the budget.
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More sections of this act
Section 1 · Short title, extent and commencement.Section 2 · Definitions.Section 3 · Establishment of the Institute.Section 4 · Objects of the Institute.Section 5 · Powers and functions of the Institute.Section 6 · Authorities of the Institute.Section 7 · Officers of the Institute.Section 8 · The President.India Code, Government of India. Text fetched 11 Oct 2026. Check the linked official text and subsequent notifications when applying a provision.