Certain restrictions in respect of financial matters

The University shall not without the prior approval of the Government, divert earmarked funds for other purposes, or upgrade any post or revise the scales of pay of its staff or implement any schemes which involve any matching contribution from the Government or created a post or posts resulting in recurring liability on the Government either immediately or in future : Provided that the Executive Council may authorise the creation and filling up of posts of teachers for a period not exceeding one year but any such post or posts shall not be continued or created afresh for any period beyond the said period of one year without prior approval of the Government.