Finance Committee

MEMBERS OF THE FINANCE COMMITTEE, YMCAUST, FARIDABAD 

Sr.

Name of Member

Duration of Membership

From

Till

1

Vice Chancellor & Chairman

Ex-Officio Member

2

Secretary to Govt., Finance Department, Haryana

Ex-Officio Member

3

Secretary to Govt., Technical Education Deptt, Haryana

Ex-Officio Member

4

Director General- Technical Education Deptt, Haryana

Ex-Officio Member

5

Controller of Finance, JCB UST

Ex-Officio Member

6

Registrar, JCB UST

Ex-Officio Member Secretary

7

Dr. Komal Kr Bhatia, Dean- FIC

15.07.2019

14.07.2021

8

Dr. Arvind Gupta, Dean- MBA

15.07.2019

14.07.2021

9

Dr. K.P. Kaushik, Professor, Natinoal Institute of Financial Management (Nominee- Governor)

15.07.2019

14.07.2021

10

Dr. Neera Verma, Professor- Deptt. of Economics, Kurukshetra University (Nominee- Governor)

15.07.2019

14.07.2021

Minutes of Meeting of Finance Committee:

Sr. No.

Date

Minute of Meeting

1

20.03.2014

MoM

2

27.03.2015

MoM

3

31.03.2016

MoM

4

30.03.2017

MoM

5

16.03.2018

MoM

6

28.03.2019

MoM

 

Constitution and Power of Finance Committee as per University Act:

15. (1) The Finance Committee shall consist of the following persons, namely:—

(I) Ex-officio members—

(a) the Vice-Chancellor (Chairperson);

(b) the Secretary to Government, Haryana, Technical Education Department or a nominee not below the rank of Joint Secretory;

(c) the Secretary to Government, Haryana, Finance Department or a nominee not below the rank of Joint Secretary/Additional Director;

(d) the Director, Technical Education Department, Haryana or a nominee no t below the rank of Joint Director/Accounts Officer.

(II) Other members—

(a) two outside members having expertise in finance to be nominated by the Chancellor on the recommendation of the Vice -Chancellor;

(b) two Deans of Faculties to be nominated by the Vice- Chancellor;

(c) Controller of Finance.

(2) The Registrar shall be the Member-Secretary of the Committee.

(3) Nominated members of the Finance Committee shall hold office for a term of two years.

(4) Three members, out of whom at least one member shall be a Government nominee, shall form the quorum.

16. (1) The Finance Committee shall examine the accounts and scrutinize the proposals for expenditure and shall submit the annual budget to the Executive Council for approval. No expenditure in the budget shall be incurred by the University without the prior approval of the Finance Committee which shall fix limits for the total recurring and non-recurring expenditure for the year based on the resources and the income of the University. No expenditure shall be incurred by the University in excess of the limits so fixed. 

(2) It shall examine and recommend the Executive Council the creation' of teaching and other posts.

(3) The annual accounts and the official estimates of the University shall be laid before the Finance Committee for its consideration and comments thereon and thereafter submitted to the Executive Council for approval