IIIT Act 20Chapter III · Authorities of Indian Institutes of Information Technology Established in Public-private Partnership
Section 20 · Finance Committee
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(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 officio Secretary.
(2) The members of the Finance Committee other than ex officio members shall hold office for a term of three years.
(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 officio Secretary.
(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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