Section 18 in The Indian Institutes of Information Technology Act, 2014
Title: 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.
Title: Power and functions of Finance Committee.
The Finance Committee shall examine the accounts, scrutinise proposals for expenditure and financial estimates of the Institute and thereafter submit it to the Board of Governors together with its comments for approval.
Title: Building and Works Committee.
The Building and Works Committee of each Institute shall consist of the following persons, namely:—
(a) the Director, ex officio, who shall be the Chairperson of the Committee;
(b) one person nominated by Indian Institute of Technology located in the State in which the Institute is situated;
(c) one person nominated by the Board from amongst its members;
(d) Dean, Planning and Development;
(e) a civil engineer not below the rank of superintending engineer in the Government or Government Agency nominated by the Board;
(f) an electrical engineer not below the rank of superintending engineer in the Government or Government Agency nominated by the Board;
(g) the officer incharge of Estate of the Institute, ex officio Secretary.
Title: Powers and functions of Building and Works Committee.
The Building and Works Committee shall discharge the following powers and functions, namely:—
(a) it shall be the responsibility of the Committee for construction of all major capital works after securing from the Board the necessary administrative approval and financial sanction;
(b) it shall have the power to give the necessary administrative approval and financial sanction for all construction work and work pertaining to maintenance and repairs, within the grant place at the disposal of the Institute for the purpose;
(c) it shall cause to be prepared estimates of cost of building and other capital work, minor works, repair, maintenance and the like;
(d) it shall be responsible for making technical scrutiny of each work as may be considered necessary by it;
(e) it shall be responsible for enlistment of suitable contractors and acceptance of tenders and shall have the power to give direction for departmental works where necessary.
Title: Research Council.
(1) Each Institute shall establish a Research Council comprising of the Director and such other members as may be specified, by Statutes, by the Board.
(2) The Research Council of each Institute shall—
(a) interface with research funding organisations, industry and civil society to identify potential areas for research;
(b) to organise and promote research in such Institute or in collaboration with any institution of higher learning or research laboratories;
(c) assist teachers in obtaining funding from external sources for research projects prepared by them;
(d) provide, out of the funds placed at its disposal by the Board, research resources and grant assistance for research projects proposed to be undertaken by teachers in such Institute;
(e) provide for incubation of technology applications emerging from research and to protect and utilise the intellectual property obtained from research in the Institutes;
(f) make provision for research and advisory services and for that purpose enter into such arrangements with other institutions, industry, civil society or other organisations and enable the fruits of research to be disseminated to industry and society through such arrangements;
(g) exercise such other powers and perform such other duties as may be assigned to it by Statutes.