Kalakshetra Foundation Act, 1993 : POWERS AND FUNCTIONS OF FINANCE COMMITTEE Indian Bare Acts :

Kalakshetra Foundation Act, 1993,1994

Act No : 6

Section : POWERS AND FUNCTIONS OF FINANCE COMMITTEE

SECTION 18: POWERS AND FUNCTIONS OF FINANCE COMMITTEE

The Finance Committee shall-

(i) scrutinise the annual statement of accounts and budget estimates of the Foundation prepared by the Director and make recommendations to the Governing Board;

(ii) prescribe the limits of the recurring and non-recurring expenditure of the Foundation for each financial year;

(iii) review the financial position of the Foundation from time to time and have an internal audit conducted; and

(iv) perform such other functions as may be prescribed.