Section 19Functions of Finance Committee

to scrutinise the accounts and budget estimates of the Institute and to make recommendations to the Executive Council;

to scrutinise the proposals for new expenditure on account of major works on purchases;

to scrutinise re-appropriation statements and audit notes and make recommendations thereon to the Executive Council;

to review the finances of the Institute from time to time and have concurrent audit conducted whenever necessary; and

to give advice and make recommendations to the Executive Council on any financial questions affecting the affairs of the Institute.