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.