FINANCE COMMITTEE :
There shall be a Finance Committee for each Institute consisting of the following members, namely:
(i) the Chairperson Board of Governors, ex-officio Chairman;
(ii) The Director, ex-officio member;
(iii) Joint Secretary dealing with National Institutes of Technology or his nominee and Financial Advisor (Human Resource Development) or his nominee members;
(iv) Two persons nominated by the Board from amongst its members; and
(v) The Registrar, ex-officio, Member-Secretary.
Provided that in addition to the above, the Chairman may, in consultation with the Director, co-opt a member as and when found necessary.
The following table shows the details of present Chairman and Members of Finance Committee of the Institute:
DETAILS OF THE CHAIRMAN AND THE MEMBERS OF THE FINANCE COMMITTEE OF NATIONAL INSTITUTE OF TECHNOLOGY, WARANGAL
Sub-Statute (1) of Statute 10 of the First Statutes of National Institutes of Technology.
POWERS OF THE FINANCE COMMITTEE :
The Finance Committee shall have power to:-
(i) examine and scrutinize the annual budget of the Institute prepared by the Director and make recommendations to the Board; and
(ii) give its views and make its recommendations on any financial question affecting the Institute to the Board either on the initiative of the Board or of the Director, or on its own motion.