Section 28: Composition and functions of the Finance, General Purposes and Tenders Committee

(1) The Finance, General Purposes and Tenders Committee shall consist of-
(a) the chairman of the Council as chairman;
(b) the Executive Director of the Institute;
(c) the Deputy Director;
(d) four members of the Council to be selected by the Council;
(e) two members of the Academic Board to be selected by the Board;
(f) the Bursar;
(g) the Registrar of the Institute who shall act as the secretary to the Committee.
(2) The Finance, General Purposes and Tenders Committee shall, subject to the direction of the Council-
(a) exercise control over the property and expenditure of the Institute;
(b) be responsible for elaborating the general plans of the Institute and coordinating the work of such other committees of the Council as the Council may direct; and
(c) perform such other functions of the Council as the Council may, from time to time, delegate to it.
(3) The Finance, General Purposes and Tenders Committee shall meet as and when necessary for the performance of its functions under this Act and shall regulate its own procedure.