Section 15 of THE NATIONAL ACADEMY OF LEGAL STUDIES AND RESEARCH UNIVERSITY ACT, 1998

Finance Committee (1) There shall be a Finance Committee constituted by the Executive Council consisting of the following:-

1. (a)the 1[Vice Chancellor];
2. (b)the Registrar; and
3. (c)three members nominated by the Executive Council from amongst its members out of whom atleast one shall be from those nominated by the 2[Chancellor] and one from among them nominated by the Government of Andhra Pradesh.

1. (2)The members of the Finance Committee other than the 3[Vice Chancellor] and Registrar, shall hold office so long as they continue as members of the Executive Council.
2. (3)The functions and duties of the Finance Committee shall be as follows:-
   1. (a)to examine and scrutinise the annual budget of the University and to make recommendations on financial matters to the Executive Council;
   2. (b)to consider all proposals for new expenditure and to make recommendations to the Executive Council;
   3. (c)to consider the periodical statement of accounts and to review the finances of the University from time to time and to consider reappropriation statements and audit reports and to make recommendations to the Executive Council;
   4. (d)to give its views and to make recommendations to the Executive Council on any financial question affecting the University either on its own initiative or on reference from the Executive Council or the 4[Vice Chancellor].
3. (4)The Finance Committee shall meet atleast thrice in every year. Three members of the Finance Committee shall form the quorum.
4. (5)The 5[Vice Chancellor] shall preside over the meetings of the Finance Committee, and in his absence, the Registrar shall preside. In case of difference of opinion among the members, the opinion of the majority of the members present shall prevail. 1 . The word “Vice Chancellor” substituted by the Act No. 7 of 2005 Section 12. 2 . The word “ Chancellor” substituted by the Act No. 7 of 2005 Section 12. 3 . The word “Vice Chancellor” substituted by the Act No. 7 of 2005 Section 12. 4 . The word “Vice Chancellor” substituted by the Act No. 7 of 2005 Section 12. 5 . The word “Vice Chancellor” substituted by the Act No. 7 of 2005 Section 12. 1[15-A. Planning Board – The Planning Board shall comprise of the following persons: 1. The Chancellor; 2. The Vice-Chancellor; 3. The Founder President or in his absence a nominee of the Chancellor; 4. The Founder Director or in his absence a nominee of the Chancellor; 5. Registrar or in his absence the Deputy Registrar; 6. The senior most Male Teacher; and 7. The senior most Female Teacher] CHAPTER - IV OFFICERS OF THE UNIVERSITY