Act Number: 30

Act Name: The Indian Institutes of Information Technology Act, 2014

Year: 2014

Enactment Date: 2014-12-08

Long Title: An Act to declare certain institutions of information technology to be institutions of national importance, with a view to develop new knowledge in information technology and to provide manpower of global standards for the information technology industry and to provide for certain other matters connected with such institutions or incidental thereto.

Ministry: Ministry of Human Resource Development

Department: Department of Higher Education

Section 18: Finance Committee.
    (1) The Finance Committee of each Institute shall consist of the following persons, namely:—
         (a) the Chairperson, Board of Governors, ex officio, who shall be the 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 Indian Institute of Information Technology, ex officio;
         (c) one representative of the Government of India, Ministry of Human Resource Development, Department of Higher Education handling the matters relating to finance, ex officio;     (d) two persons nominated by the Board;
         (e) the Director, ex officio;
         (f) the Officer incharge 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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