Article 6: Finance Committee - Navodaya Education Code

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Article 6: Finance Committee

Overview

Under Rule-43 of the Memorandum of Association, the Finance Committee is established as a Sub-Committee of the Executive Committee, consisting of six members. It includes ex-officio members such as the representative of the Ministry of Human Resource Development, the Financial Member, the Commissioner of Navodaya Vidyalaya Samiti (NVS), and the Chief Accounts Officer & Internal Financial Adviser of NVS.

Composition

The Finance Committee of the Samiti comprises the following members:

1. Joint Secretary and Finance Advisor, MHRD - Chairman

2. Joint Secretary (SE-II), Department of School Education & Literacy - Member

3. Commissioner, NVS - Ex-Officio Member

4. Chairman, CBSE - Member

5. Commissioner, KVS - Member

6. CAO & IFA, NVS - Member Secretary

Functions

The Finance Committee is entrusted with the following duties:

• 6.2.1 To scrutinize the accounts and budget estimates of the Samiti and make recommendations to the Executive Committee.
• 6.2.2 To consider and make recommendations to the Executive Committee on proposals for new expenditure on account of major works and purchases, which shall be referred to the Finance Committee for opinion before consideration by the Executive Committee.
• 6.2.3 To scrutinize re-appropriation statements and audit notes and make recommendations thereon to the Executive Committee.
• 6.2.4 To review the finances of the Samiti from time to time and have concurrent audit conducted whenever necessary.
• 6.2.5 To give advice and make recommendations to the Executive Committee on any other financial questions affecting the affairs of the Samiti.

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Article 5: The Executive Committee - Navodaya Education Code

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Article 5: The Executive Committee

Overview

Being the principal organ of the Samiti, the Executive Committee has been charged with the responsibility of carrying out the objectives of the Samiti as set forth in the Memorandum of Association re-produced at Appendix-II. The Committee is mainly responsible for the management of all affairs and funds of the Samiti and is authorized to exercise all powers of the Samiti. The Committee also exercises control and supervision over the functioning of the Vidyalayas.

Composition

The Minister for Human Resource Development serves as the Chairman of the Committee. The composition of the members of the Executive Committee is detailed in the Memorandum of Association at Appendix-I. The following members constitute the Executive Committee of the Samiti:

1. Minister in the Ministry of HRD - Chairman
2. Vice-Chairman of the NVS - Vice-Chairman
3. Secretary (SE&L) Ministry of HRD - Member
4. Representative of the Ministry of HRD - Member
5. Representative of the Ministry of Finance (Ex-officio) - Member
6. Chairman, CBSE (Ex officio) - Member
7. Vice-Chancellor, National University of Educational Planning and Administration (NUEPA) - Member
8. Commissioner, Kendriya Vidyalaya Sangatan (Ex-officio) - Member
9. Director, NCERT (Ex-officio) - Member
10. Commissioner of the Navodaya Vidyalaya Samiti (Ex-officio) - Member
11. Educationist who is member of the society - Member
12. Educationist who is the member of the society - Member
13. Joint Commissioner (Academic) NVS - Member
14. Joint Commissioner (Admn.) and Ex-officio Secretary of the Society - Member
15. Any person who ceases to be a member of the Society ipso facto ceases to be a member of the Executive Committee.

Meetings

The Committee shall meet whenever the Chairman thinks fit and at least once in every quarter. For every ordinary meeting of the Committee, at least 10 days notice shall be given in writing to each member. Five members of the Committee present in person shall constitute a Quorum at any meeting of the Committee with its present membership.

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