|1.||Financial Advisor, DBT, New Delhi (Ex-officio)||Chairman|
|2.||Dr. Ajay Parida, Director, Institute of Life Sciences (ILS), Bhubaneswar||Member|
|3.||Prof. M. Premjit Singh, Vice Chancellor, Central Agricultural University, Imphal||Member|
|4.||Dr. Ramesh V. Sonti, Director, National Institute of Plant Genome Research (NIPGR), New Delhi||Member|
|5.||Director, IBSD, Imphal (Ex-officio)||Member|
|6.||Senior Accounts Officer, IBSD, Imphal (Ex-officio)||Non-Member Secretary|
Terms of Reference:
-To consider in detail, Annual Budget Estimates and Revised Estimates of the Institute and make recommendations thereon to the Governing Council.
-To consider and approve proposal for incurring of expenditure on account of major works and purchases.
-To consider proposals for creation of new posts and make recommendations to the Governing Council in keeping with the guidelines issued by the Government of India from time to time.
-To consider revision of pay scales, allowances and other terms and conditions of service of staff having financial implications and make recommendations to the Governing Council in keeping with the guidelines issued by the Government of India from time to time.
-To review financial position of the institute and make recommendations from time to time to the Governing Council.
-To consider and recommend various projects and make recommendations to the Governing Council.
-To formulate and/or approve the financial systems and controls, financial policies, expenditure authorization matrices and all other matters relating to the financial affairs of the institute.
-To consider re-appropriation statements and the Annual Audited Report and approve the reply prepared by the institute in respect of thereof and make recommendations thereon to the Society.
-The tenure of the Committee will be for a period of three years.