Powers and functions of the Executive Council

(1) The Council shall exercise and perform the following powers and functions, namely:- (i) to approve the budget estimates of the University presented by the Vice-Chancellor; (ii) to create posts and appoint teachers and other employees of the University in the manner prescribed; (iii) to acquire, hold or dispose off properties or accept gifts and donations, for and on behalf of the University; (iv) to arrange for the investment and withdrawal of the moneys belonging to the University; (v) to direct the form and use of the common seal of the University; (vi) to determine and regulate the policies relating to all the affairs of the University in accordance with the provisions of this Act and the statutes, Ordinances and regulations made thereunder; (vii) to appoint such committees, either standing or temporary as may be considered necessary for any specific or general purpose for fulfillment of the objects of the University and for ensuring the proper administration of the affairs or academic activities of the University; (viii) to promote the academic autonomy of the Colleges; (ix) to make statutes; (x) to establish, equip and maintain the University libraries, laboratories, workshops, museums and the like; (xi) to provide for research and advancement and dissemination of knowledge;