- The Principal (Chairperson).
- One person to be nominated by the Governing Body of the college for a period of two years.
- Finance Officer of the affiliating University
- One senior-most teacher of the college to be nominated in rotation by the principal for two years.
Term: Term of the Finance Committee shall be three years.
Meetings: The Finance Committee shall meet at least twice a year
- Budget estimates relating to the grant received/receivable from UGC, and income from fees, etc. collected for the activities to undertake the scheme of autonomy;
- Audited accounts for the above.