The Institute of Chartered Financial Analysts of India University Act, 2005
Chapter 4 Authorities of the University
Education200551 sections6 chapters
Chapter 4 Authorities of the University
19. Authorities of the University.
Statutory text
The following shall be authorised of the University, namely:
- (a) The Board of Governors;
- (b) The Board of Management;
- (c) The Academic Council;
- (d) The Finance Committee; and
- (e) Such other authorities as may be declared by the Statutes to be the authorities of the University.
Chapter 4 Authorities of the University
20. The Board of Governors and its powers
Statutory text
- (1) The Board of Governors shall consist of the following
- (a) The Chancellor (b) The Vice-Chancellor
- (c) Three persons nominated by the Sponsor;
- (d) One representative of the State Government;
- (e) An educationist of repute to be nominated by the State Government;
- (f) One person of repute from the State to be nominated by the sponsor;
- (2) The Chancellor shall be the Chairman of the Board of Governor.
- (3) The Registrar shall be an-officio Secretary of the Board of Governors.
- (4) The Board of Governors shall be supreme authority and principal governing body of the University and shall have the following powers, namely:
- (a) To appoint the Statutory Auditors of the University;
- (b) To lay down policies to be persued by the University;
- (c) To review decisions of the other authorised of the University if they are not in conformity with the provisions of this Act, or the Statutes or the Rules;
- (d) To approve the budget and annual report of the University;
- (e) To make new or additional Statutes and Rules or amend or repeal the earlier Statutes and Rules;
- (f) To take decision about voluntary winding up of the University;
- (g) To approve proposals for submission to the State Government; and
- (h) To take such decisions and steps as are found desirable for effectively carrying out the objects of the University;
- (5) The Board of Governors shall meet at least twice in a calendar year at such time and place as the Chancellor thinks fit;
Chapter 4 Authorities of the University
21. The Board of Management
Statutory text
- (1) The Board of Management shall consist of; (a) The Vice-Chancellor;
- (b) The registrar;
- (c) Three persons; nominated by the Sponsor;
- (d) Two Deans of the faculties as nominated by the Chancellor;
- (e) One representative to be nominated by the State Government;
- (f) One person of repute from the State to be nominated by the Sponsor;
- (2) The Vice-Chancellor shall be the Chairman of the Board of management and the Registrar shall be the Secretary of the Board of Management;
- (3) The powers and functions of the Board of management shall be such as may be prescribed.
Chapter 4 Authorities of the University
22. The Academic Council
Statutory text
- (1) The Academic Council shall consist of:
- (a) The Vice-Chancellor - Chairman
- (b) The Registrar - Secretary
- (c) The Finance Officer
- (d) Such other members as may prescribed in the Statutes.
- (2) The Academic Council shall be the principal academic body of the University and shall, subject to the provisions of this Act, the Statutes and the Rules, co-ordinate and exercise general supervision over the academic policies of the University.
Chapter 4 Authorities of the University
23. The Finance Committee
Statutory text
- (1) The Finance Committee shall consist of:
- (a) The Vice-Chancellor - Chairman.
- (b) The Registrar - Secretary.
- (c) The Finance Officer
- (d) Such other members as may prescribed in the Statutes.
- (2) The Finance Committee shall be the principal financial body of the University to take care of financial matters and shall, subject to the provisions of this Act, the Statutes and Rules, co-ordinate and exercise general supervision over the financial matters of the University.
Chapter 4 Authorities of the University
24. Other Authorities
Statutory text
The constitution, powers and functions of the other authorities of the University shall be such as may be prescribed.
Chapter 4 Authorities of the University
25. Proceedings not invalidated on account of vacancy
Statutory text
No act or proceeding of any authority of the University shall be invalid merely by reason of the existence of any vacancy of defect in the constitution of the authority.
PDF: pending for this language.