law: 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.