Page 149 - Compendium of UGC Regulations 1957-2023

Regulations on Establishment, Maintenance and Recognition of Institutions:

a representative. The UGC will nominate its representative from a panel
of names selected through a Search Committee. The Search Committee
will be formed as per details & procedure as mentioned in Clause 5.0 of
Annexure I for selecting the panel of names.

6. A representative of the State Government, in case the institution deemed
to be university is receiving grants from the State Government.
7. Finance Officer- Secretary.
3.2 Terms of Office of the Finance Committee:
All members of the Finance Committee other than ex-officio members shall hold office
for a term of three years.
3.3 Powers and Functions of the Finance Committee:
(i) To consider the annual accounts and financial estimates of the institution deemed
to be university and submit them to the Board of the Management for approval;

(ii) To consider and recommend the annual budget and revised estimates to the Board
of Management;

(iii) To fix limits of the total recurring expenditure and the total non-recurring
expenditure of the year based on the income and resources of the institution
deemed to be university.

Note: No expenditure other than that provided in the budget shall be incurred by the institution deemed to
be university without the approval of the Finance Committee.
3.5 Meetings of the Finance Committee:

The Finance Committee shall meet at least twice a year to examine the accounts and to
scrutinize proposals for expenditure. Five members shall constitute the quorum for the
meeting.

4.0 Board of Studies:
4.1 There shall be one Board of Studies for each Department of the institution deemed to be
university.
4.2 The Board of Studies of each faculty/Department shall consist of:
1. Dean of faculty/Head of the Department - Chairperson

2. All Professors of the faculty/Department
3. Two Associate Professors of the faculty/Department by rotation of seniority
4. Two Assistant Professors of the faculty/Department by rotation of seniority

5. Not more than 2 persons to be co-opted for their expert knowledge including
those belonging to the profession or industry concerned
4.3 The powers and functions of the Board of Studies shall be prescribed by the Rules of
the Institution deemed to be University.

5.0 Selection Committee:
5.1 There shall be a Selection Committee for making recommendations to the board of
Management for appointment to the post of Professors, Associate Professors, Assistant
Professors and such other posts as may be prescribed in accordance with the UGC
Regulations on Minimum Qualifications for Appointment of Teachers and Other
Academic Staff in Universities and Colleges and Measures for the Maintenance of
Standards in Higher Education, 2010 as amended from time to time.

148
UGC Regulations