Finance Committee

There shall be a Finance Committee for planning and monitoring continuously the financial position of the University. It shall ensure that the University discharges its financial responsibilities as per the resolutions of the Board and that the University remains financially viable at all times. (1) Subject to the provisions of this Act and the regulations, the Academic Council shall, in addition to all other powers vested in it, have the following powers, namely:— (i) to suggest to the Executive Council the criteria and process for admission to courses of programs of study to be offered by the University; (ii) to specify the academic calendar, academic content of programs and courses of study and undertake modifications therein periodically, with a view to maintain high standards of education in the University; (iii) to report on any matter referred to it by the General Council or the Executive Council; (iv) to make suggestions to the General Council through the Executive Council with regard to the creation, abolition or classification of teaching posts in the University and the emoluments and the duties attached thereto; (v) to formulate and modify or revise schemes for the organisation of the faculties, and to assign to such faculties their respective subjects and also to suggest to the Executive Council as to the expediency of the abolition or sub-division of any faculty or the combination of one faculty with another; (vi) to make arrangements through regulations for the instruction and examination of persons other than those enrolled in the University; (vii) to promote research within the University and to require, from time to time, reports on such research; (viii) to consider proposals submitted by the faculties; (ix) to appoint committees for admission to the University in consultation with the Executive Council; (x) to recognise diplomas and degrees of other universities and institutions and to determine their equivalence in relation to the diplomas and degrees of the University; (xi) to fix, subject to any conditions accepted by the General Council, the time, mode and conditions of competition for fellowships, scholarships and other prizes, and to award the same; (xii) to make recommendations to the Executive Council in regard to the appointment of examiners and if necessary their removal and the fixation of their fees, emoluments and travelling and other expenses; (xiii) to make arrangements for the conduct of examinations and to fix dates for holding them; (xiv) to declare the result of the various examinations, or to appoint committees or officers to do so, and to make recommendations regarding the conferment or grant of degrees, honours, diplomas, licences, titles and marks of honour; (xv) to awards stipends, scholarships, medals and prizes and to make other awards in accordance with the regulations and such conditions as may be attached to the awards; (xvi) to publish lists of prescribed or recommended text-books and to publish syllabus of the prescribed courses of study; (xvii) to prepare such forms and registers as are, from time to time, prescribed by regulations; (xviii) to perform, in relation to academic matters, all such duties and to do all such acts as may be necessary for the proper carrying out of the provisions of this Act and the regulations; and (xix) to give up and cease from carrying on any classes or departments of the University. (2) The Vice-Chancellor shall place all the resolutions of Academic Council before Executive Council for its approval in its next meeting.