Regulations

(1) Subject to the provisions of this Act, the Executive Council shall have, in addition to all the other powers vested in it, the power to frame regulations to provide for the administration and management of the affairs of the University: Provided that except with the prior concurrence of the Academic Council, the Executive Council shall not make, amend or repeal any regulation affecting any or all of the following matters, namely:- (a) the authorities responsible for organising teaching in connection with the University courses and related academic programmes; (b) qualifications for admission to a course of study for a degree or diploma; (c) the withdrawal of degrees, diplomas, certificates and other academic distinctions or privilege conferred on or granted to any person; (d) the establishment and abolition of faculties, departments, halls and institutions; (e) the institution of fellowships, scholarships, studentships, exhibitions, medals and prizes; (f) conditions and modes of appointment of examiners or conduct or standard of examinations or any other course of study; (g) examinations to be recognized as equivalent to University examinations. (2) The Academic Council shall have the power to propose regulations on all the matters specified in clauses (a) to (g) above and matters incidental and related thereto in this regard, before the Executive Council, which shall take a decision and place it before the General Council. (3) Where the Executive Council has rejected the draft of a regulation proposed by the Academic Council, the Academic Council may prefer an appeal to the General Council and the General Council may, by order, direct that the proposed regulation may be laid before the next meeting of the General Council for its approval and that pending such approval, it shall have effect from such date as may be specified in that order: Provided that if any regulation is not approved by the General Council at its meeting, it shall cease to have effect. (4) All regulations made by the Executive Council shall be submitted, as soon as may be, for approval, to the General Council at its next meeting, and the General Council shall have power by a resolution passed by a majority of not less than two thirds of the members present, to cancel any regulations made by the Executive Council and such regulations shall from the date of such resolution cease to have effect. (1) There shall be a Finance Committee constituted by the Executive Council consisting of the following namely:— (a) Chairman of the Board or a person as nominated by the Board shall be the Chairperson of the Finance Committee; (b) the Secretary; (c) the Vice-Chancellor; (d) the Pro-Vice Chancellor and Director-inChief nominated by the Board as special invitees; (e) three members nominated by the Board from amongst its members out of whom at least one should be from the Bar Council of India Trust, one shall be a Chartered Accountant and one shall be from the field of Finance; (f) the Registrar; and (g) The Director/Director(s), if any;

(h) the Chief Finance and Accounts Officer shall be the ex-officio Secretary of the Finance Committee.

(2) The members of the Finance Committee (other than the Secretary and Vice-Chancellor), shall hold office for a term of three years:

Provided that an employee of the University and/or the Bar Council of India Trust except the members at clauses 15(1)(c), 15(1)(d) and 15(1)(g) shall not be eligible for nomination under this provision.

(3) The functions and duties of the Finance Committee shall be as follows, namely:—

(a) to prepare the Annual Accounts and Budget of the University and place it before the Executive Council.

(b) to examine and scrutinise the annual budget of the University and to make recommendations on all the financial matters to the Board;

(c) to consider all proposals for expenditures and to make recommendations to the Executive Council in this regard;

(d) to consider the periodical statements of the accounts and to review the finances of the University from time to time and to consider reappropriation statements and audit reports and to make suggestions to the Board;

(e) to give its views and to make recommendations to the Executive Council on any financial question affecting the University either on its own initiative or on reference from the Executive Council or the Board.

(4) The Finance Committee shall meet at least twice every year. Five members of the Finance Committee shall form the quorum. However, the presence of the Chairman of the Board or the Managing Trustees as the Chairperson or the Secretary shall be mandatory for a valid meeting of the Finance Committee.

(5) In case of difference of opinion among the members, the opinion of the majority of the members present shall prevail.