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20. Finance Committee.

(1) The Finance Committee of each Institute shall consist of the following persons, namely:-

(a) the Chairperson of the Board shall be the ex officio 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 finance, ex officio;

(c) one representative of the State Government in which the Institute is located, ex officio;

(d) one representative of the industry partners chosen from amongst themselves;

(e) the Director, ex officio; and

(f) the officer in-charge of finance and accounts of the Institute, ex officioSecretary.

(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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