The Institute of Chartered Financial Analysts of India University Act, 2005
Chapter 5 Statutes and Rules
Chapter 5 Statutes and Rules
26. Statutes
Subject to the provisions of this Act, the Statutes may provide for any matter relating to the University and staff, as given below:
- (a) The constitution, powers and functions of the authorities and other bodies of the University not specified in the Act, as may be constituted from time to time;
- (b) The operation of the endowment fund, the general fund and the development fund;
- (c) The terms and conditions of appointment of the Vice-Chancellor, the Registrar and the Finance Officer and their powers and functions;
- (d) The mode of recruitment and the conditions of service of the other officers, teachers and employees of the University;
- (e) The procedure for resolving disputes between the University and its officers, faculty members, employees and students.
- (f) Creation, abolition or restructuring of departments and faculties
- (g) The manner of co-operation with other University or institutions of higher learning;
- (h) The procedure for conferment of honorary degrees;
- (i) Provisions regarding grant of freeships and scholarships;
- (j) Number of seats in different courses of studies and the procedure of admission of students to such courses;
- (k) The fee chargeable from students for various courses of studies
- (l) Institution of fellowships, scholarships, studentships, freeships, medals and prizes; (m)Procedure for creation and abolition of posts;
- (n) Other matters which may be prescribed
Chapter 5 Statutes and Rules
27. Statutes how made
- (1) The first Statutes framed by the Board of Governors shall be submitted to the State Government for its approval, which may, within three months from the date of receipt of the Statutes give its approval with or without modifications.
- (2) Where the State Government fails to take any decision with respect to the approval of the Statutes within the period specified under Sub-section (1) it shall be deemed to have been approved by the State Government.
Chapter 5 Statutes and Rules
28. Power to amend the Statutes
The Board of Governors may, with the prior approval of the State Government make new or additional Statutes or amend or repeat the Statutes.
Chapter 5 Statutes and Rules
29. Rules
Subject to the provisions of this Act, the Rules may provide for all or any of the following matters, namely:
- (a) Admission of students to the University and their enrolment and continuance as such; (b) The courses of study to be laid down for all Degrees, Diplomas, Certificates, Charters and other academic distinctions of the University;
- (c) The award of Degrees, Diplomas, Charters, Certificates and other academic distinctions of the University;
- (d) Creation of new authorities of the University;
- (e) Accounting policy and financial procedure;
- (f) The conditions of the award of fellowships, scholarships, studentships, media and prizes;
- (g) The conduct of examinations and the conditions and mode of appointment and duties of examining bodies, examiners, invigilators, tabulators and moderators;
- (h) The fee to be charged for admission to the examinations, Degrees, Diplomas, Certificates, Charters and other academic distinctions of the University;
- (i) Revision of fees;
- (j) Alteration of number of seats in different courses and programs;
- (k) The conditions of residence of the students at the University or a constituent college or affiliated college;
- (l) Maintenance of discipline among the students of the University or a constituent college or affiliated college; (m)All other matters as may be provided in the Statutes and Rules under the Act;
Chapter 5 Statutes and Rules
30. Rules how made
- (1) The Rules shall be made by the Board of Governors and the Rules so made shall be submitted to the State Government for its approval which may, within two months from the date of receipt of the Rules, give its approval with or without modification.
- (2) Where the State Government fails to take any decision with respect to the approval of the Rules within the period specified under sub-section (1), it shall be deemed to have been approved by the State Government.
Chapter 5 Statutes and Rules
31. Power to amend Rules
The Board of Governor may, with the prior permission of the State Government, make new or additional Rules or amend or repeal the Rules.
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