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PERMANENT FINANCE COMMITTEE (PFC)

The International Executive Council (IEC) is assisted by the Permanent Finance Committee (PFC) in all financial matters of the Commission and aspects having significant financial implications to the Commission. It reviews the receipts and expenditures, advise the Council on the previous year’s accounts and on the budget. The PFC makes recommendations on the annual subscriptions from National Committees and Direct Members and conference support of the participating countries for the current and future years.  The Committee also recommends to the Council, from time to time, ways and means of improving the financial resources of the Commission to meet the financial requirements for undertaking different programs and activities. Membership Subscription is received in US Dollars (or equivalent Euros).

 

The Commission is audited on an annual basis as per the Indian Accounting and Assurance Standards to be compliant Foreign Contribution (Regulation) Act 2010 [ Foreign Receipts ], and Income Tax Act 1961. The financial year for accounting/ auditing purpose is from 1 April to 31 March.

 

Mandate : The Permanent Finance Committee shall be concerned with the financial matters of the Commission and matters having significant financial implications to the Commission. It will review the receipts and expenditures, advise the Council on the previous year's accounts and on the proposed or provisional budget, and will make recommendations on the annual subscriptions and other support of the participating countries for the current and future years. It may give its opinion to the President and the Secretary-General on the elements to be taken into account to prepare the budgets of the future years.

 

Sl. No.
Name Country Membership
1
VPH Mr. Laurie Tollefson  Canada Chair (2013)
2
President Hon. Prof. Dr. Bart Schultz Netherlands Member (2011)
3
Mr. Hao Zhao  China Member (2012)
4
Ms. Serpil Koylu Dalgin Turkey Member (2012)
5
Mr. Naoki Hayashida  Japan Member (2014)
6
Engr. Husnain Ahmad Pakistan Member (2014)
7
Dr. Irene Bondarik  Russia Member (2014)
8
Mr. Ali Reza Salamat Iran Member (2016)
9
Mr. Hazim Ibrahim Othman Mohammed  Iraq Provisional Member (2016)
10
Secretary General, ICID India

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