Page 336 - Compendium of UGC Regulations 1957-2023

Regulations pertaining to Autonomy to HEIs:

Term: Term of the Finance Committee shall be three years.
Meetings: The Finance Committee shall meet at least twice a year

Functions of the Finance Committee:
The Finance Committee shall act as an advisory body to the Governing Body, to consider:

(a) Budget estimates relating to the grant received/receivable from UGC, and income from
fees, etc. collected for the activities to undertake the scheme of autonomy; and (b)
Audited accounts for the above.

14. CONSEQUENCES OF VOILATION OF REGULATIONS
14.1 All UGC directives shall be strictly followed, failing which UGC may take appropriate
actions, as it deems fit, against the defaulting Autonomous College.
15. REMOVAL OF DIFFICULTIES
15.1 University Grants Commission reserves the right to remove difficulty/difficulties in the
course of implementation of these Regulations in consultation with the Government of
India/Ministry of Human Resource Development.
P. K. THAKUR, Secy.

[ADVT.-III/4/Exty./428/17]

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University Grants Commission