Permanent Finance Committee (PFC) assists the International Executive Council (IEC) in all financial matters of the Commission and aspects having significant financial implications to the Commission.
It reviews the receipts and expenditures, advises the Council on the previous year’s accounts and on the budget. The PFC makes recommendations on the annual subscriptions from National Committees, Direct Members, conferences and monetary incentives of the participating countries for the current and future years. The Committee also recommends to the Council, periodically, in order to improve 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 purposes is from 1 April to 31 March.
Established : 1979
|1||Mr. Laurie C. Tollefson||Canada||Chair|
|2||Mr. Abdul Malik Sadat Idris||Indonesia||Member|
|3||Dr. Marco Arcieri||Italy||Member|
|4||Mr. Ali Reza Salamat||Iran||Member|
|5||Dr. Mrs. Irene Bondarik||Russia||Member|
|6||Mr. Husnain Ahmad||Pakistan||Member|
|7||Mr. Naoki HAYASHIDA||Japan||Member|
|8||Prof. Mohamed Benmoussa||Morocco||Member|