Powers, functions and meetings of the Board of Management

(1) Subject to the provisions of this Act, the Board of Management shall be responsible for the general superintendence, directions and control of the affairs of the University and shall exercise all the powers of the University not otherwise provided for by this Act, the Statues and the Ordinances. (2) Without prejudice to the provisions of sub-section (1), the Board of Management shall have the powers - (i) to take decisions on questions of policy relating to the administration and working of the University; (ii) to make ordinances and statutes; (iii) to present to the Court at its annual meeting: (a) annual report of the University; and (b) annual accounts (iv) to consider and pass resolutions on the annual report and the annual accounts of the University and the reports of its auditors on such accounts; (v) to exercise all financial powers and manage and regulate the finances, accounts, investment, properties, business and all other administrative affairs of the University and for the purpose, constitute committees and delegate the powers to such committees or such officers of the University as it may deem fit; (vi) to delegate any of its powers to the Vice-Chancellor, and on the recommendations of the Vice-Chancellor to the Registrar, the Controller of Finance or any other officer, employee or authority of the University or to a committee appointed by it; (vii) to invest any money belonging to the University, including any unapplied income, in such stock, funds, shares or securities as it may, from time to time, think fit, or in the purchase or immovable property in India, with the like power, of varying such investments from time to time based on the advice of the Finance Committee; except land acquired or buildings constructed with the assistance of the Government, in which cases, the prior approval of the Government shall be required; (viii) to enter into, vary, carryout and cancel contracts on behalf of the University and for that purpose to appoint such officers as it may think fit; (ix) to provide the buildings, premises, furniture and apparatus and other means needed for carrying on the work of the University; (x) to entertain, adjudicate upon, and if it thinks fit, to redress any grievances of the officers, the teachers, the students and the employees of the University; (xi) to create all Groups A, B, C, & D posts and appoint persons to academic as well as other posts in the University and to frame recruitment rules and determine salary structure and terms and conditions of different cadrei of employees; (xii) to fix the examination fee, emoluments, honorarium and traveling and other allowances of the examiners; (xiii) to select a common seal for the University; (xiv) to lay down policy guidelines for admitting self-financing and sponsored students as supernumerary against higher fee prescribed by it from time to time; (xv) to exercise such other powers and to perform such other duties as may be considered necessary or imposed on it by or under this Act. (a) The Board shall meet at least, two times in an academic year and not less than fifteen days notice shall be given for such meetings; (b) The meetings of the Board shall be called by the Registrar under instructions of the Chairperson or at the request of not less than half members of the Board; (c) One half of the members of the Board shall form the quorum at any meeting; (d) In case of difference of opinion among the members, the opinion of the majority shall prevail; (e) Each member of the Board of Management shall have one vote and if there be equality of votes on any question to be determined by the Board, the Chairperson of the Board of Management or, as the case may be, the member presiding over that meeting shall, in addition, have a casting vote; (f) Every meeting of the Board of Management shall be presided over by the Chairperson, Board of Management and in his absence the meeting will be presided by a member elected by the members present; (g) If urgent action by the Board of Management becomes necessary, the Chairperson, Board of Management may permit the business to be transacted by circulation of papers to the members of the Board of Management. The action so proposed to be taken shall not be taken unless agreed to by a majority of members of the Board. The action so taken shall be forthwith intimated to all the members of the Board. In case the authority concerned fails to take a decision, the matter shall be referred to the Chancellor, whose decision shall be final;