In accordance with the provisions laid down under Statute No. 26 of The Dhamma Dipa International Buddhist University Act, 2022, The Finance Committee of the University is hereby constituted with the following members:

S.No Name & Designation Position
a. Nominated by Governing Body DDIBU – BHET
1. Mr. Manoj Kumar, Vice-Chairman, Governing Body of DDIBU, Sabroom, South Tripura Chairman
b. The Chief Executive Officer (C.E.O.) Member
c. The Vice Chancellor Member
d. The Pro-Vice Chancellor Member
e. Two persons, nominated by the Governing Body DDIBU-BHET out of them one should be Finance/Account Expert
1. Mrs. Sudha Chauhan, Director, Mewar Skill Development Organisation Member
2. Mrs. Deevi Sajini, Secretary, Shraddha Charitable Trust of India, New Delhi Member
f. One person, who is not the Employee of the D.D.I.B University or of any nominated by the Chancellor
1. Mr. Uthai Mog, Treasurer, Bahujana Hitaya Education Trust, Sabroom, South Tripura Member
g. The Registrar Member
h. Mr. Yogesh Kumar, Finance Officer Member Secretary

Constitution & Powers of the Finance Committee
  1. The Finance Committee will be the main financial body of a University to deal with financial issues.
  2. Members of the finance committee will include the following individuals, such as:
    1. Nominated by Governing Body DDIBU - BHET - Chairperson
    2. The Chief Executive Officer (C.E.O.)
    3. The Vice Chancellor
    4. The Pro-Vice Chancellor
    5. Two persons, nominated by the Governing Body DDIBU-BHET out of them one should be Finance/Account Expert
    6. One person, who is not the Employee of the D.D.I.B University or of any nominated by the Chancellor
    7. The Registrar
    8. The Finance Officer - Member Secretary
  3. The Governing Body DDIBU - BHET shall be authorised to invite an expert in financial matters, to any meeting of the Finance Committee as a special invitee.
  4. The ex-officio members' tenure will run concurrently with the position they hold and the committee they represent financially. A nominated member will hold office for a period of two years.
  5. A meeting of the Finance Committee will be held as per the following:
    1. The Finance Committee's quorum will consist of three members. Should there not be a quorum present, the meeting will be adjourned for thirty minutes. In thirty minutes, the meeting will reconvene at the same venue. For such a rescheduled meeting, neither a quorum nor advance notification are required.
    2. The Finance Committee shall meet at least twice every year to examine Accounts, Budget and to scrutinize proposals for expenditure.
    3. The Finance Officer will provide at least 21 days' notice, and agenda materials must be distributed at least 10 days in advance of the scheduled academic council meeting by registered mail, hand delivery, email, or other.
      Provided that the Chairperson shall be authorised to call a special meeting of the Finance Committee at short notice.
    4. Decisions on all the matters considered in the meetings shall be made through majority votes of the members present and voting and in case of a tie, the matter shall be decided by the casting vote of the Chairman.
    5. The Chairman shall be authorised to exercise the powers vested in the Finance Committee in case of an emergency. The emergency decision taken shall be placed before the next meeting of Finance Committee for ratification.
  6. The Finance Officer of the University prepares the annual accounts and financial estimates, which are then presented to the Finance Committee for review and feedback before being approved by the Governing Body DDIBU - BHET with or without modifications.
  7. The Finance Committee shall be competent to exercise the following duties and have the following powers, subject to the University Act's provisions:
    1. The University's Annual Estimates of Income and Expenditure are to be prepared and allocated by the Finance Committee.
    2. The Finance Committee will examine the University's annual accounts, which are produced under the Vice Chairperson's leadership, and will make suggestions regarding them. The Governing Body DDIBU - BHET /The Court/Executive Council will then review and approve these recommendations along with the annual budget.
    3. The Finance Committee may make its recommendations to the Governing Body DDIBU - BHET to accept request, and donations of property to the University such terms as it deems proper
    4. The Finance Committee has the authority to suggest procedures and strategies for raising funds for the University.
    5. The Finance Committee may suggest to the Governing Body DDIBU - BHET /The Court/Executive Council that bequests and property donations be accepted by the University under whatever conditions it sees fit.
    6. The Finance Committee is free to review and recommend on any additional issues that the Governing Body DDIBU - BHET refers to it.
    7. Without the Finance Committee's prior consent, the University cannot incur any costs beyond the limit set forth in the budget. The Finance Committee sets the annual caps on the total amount of recurring and non-recurring expenses, taking into account the University's income and resources.
    8. The Finance Committee will review the fee committee's proposal as outlined in the statute or ordinance pertaining to the fee structure, and it will suggest changes to the Executive Council for approval.
    9. The Finance Committee shall advise the University on any questions effecting its finances.
    10. The Finance Committee will be in charge of overseeing the upkeep of the University's revenue and expense accounts, as well as the compliance with regulations.