Powers duties of Executive Council

The Chhattisgarh Swami Vivekanand Technical University Act, 2004

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Statutory text

(1) Subject to the provisions of this Act, and the Statute, Ordinance and Regulation made there under, the Executive Council shall be the supreme authority and shall have the following powers and perform the following duties namely:-(one) to hold, control and administer the property and funds of the University; (two) to administer the funds placed at the disposal of the University for specific purposes; (three) to adopt the annual accounts together with the audit report; (four) to prepare the annual financial estimates and pass it; (five) to fix the limit for the total recurring expenditure and total non-recurring expenditure for the year based on the resources of the University which in the case of productive works, may include the proceeds of Loans; (six) Subject to clause (five), at any time during the financial year; (a) to reduce the amount of the budget grant; (b) to sanction the transfer of any amount within a budgeted grant from one head to another or from a subordinate head under one minor head to a subordinate head under another minor head; or (c) to sanction the transfer of any amount exceeding rupees fifty thousand within a minor head from one subordinate head to another or from one primary unit to another primary unit; (seven) to borrow and lend funds on behalf of the University; Provided that funds shall not be borrowed on the security of University property without the prior approval of the State Government; (eight) to transfer any movable or immovable property on behalf of the University, Provided that no immovable property of the University shall, except with the prior sanction of the State Government be transferred by way of mortgage, sale, exchange, gift or otherwise; (nine) to enter into, vary, carry out and cancel contracts on behalf of the University in the exercise of powers and performance of the duties assigned to it by this Act, and the Statute; (ten) to determine the form of, provide for the custody and regulate

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