Powers of the University

The University shall have following powers, namely: (1) to provide for instruction in such branches of learning as the University may, from time to time, determine and to make provision for research and for the advancement and dissemination of knowledge; (2) to grant, subject to such conditions as the University may determine, diplomas, certificate and confer degrees and other academic distinctions on the basis of examination, evaluation or any other method of testing, on persons, and to withdraw any such diplomas, certificate, degrees or other distinction for good and sufficient cause; (3) to confer honorary degrees or other distinctions in the manner prescribed by the Statutes; (4) to establish such campuses, special centers, specialized laboratories for research and instruction as are, in the opinion of University, necessary for the furtherance of its objects; (5) to organize and to undertakes extra-mural studies and extension services; (6) to provide instructions, including correspondence and such other courses to such persons as are not members of the University, as it may determine; (7) to establish and maintain collage, institutions, halls and hostels, to admit to its privileges, college, institution and halls not maintained by it and to withdraw any of those privileges; (8) to institute principalships, professorships, Readerships, Lecturerships, and other teaching or academic posts required by the University, and appoint person to such principalships, professorships, Readerships, Lecturerships or other posts; (9) to institute and award fellowships, scholarships, studentships, medals and prizes; (4) The Finance Officer shall be ex-officio Secretary of the Finance Committee, but shall not be deemed to be a member of such Committee. (5) The Finance Officer shall,--- (c) exercise general supervision over the funds of the University and shall advise it as regards its financial policy; (d) perform such other financial functions as may be assigned to him by the Executive Council or as may be prescribed by those Statutes or the Ordinances: Provided that the Finance Officer shall not incur any expenditure or make any investment exceeding Rs. 10,000 without the previous approval of the Executive Council. (6) Subject to the control of the Executive Council, the Finance Officer shall,--- f) hold and manage the property and investments of the University including trust and endowed property; g) ensure that the limits fixed by the Executive Council for recurring and non-recurring expenditure for a year are not exceeded and that all monies are expended on the purposes for which they are granted or allotted; h) be responsible for the preparation of annual accounts and the budget of the University and for their presentation to the Executive Council; i) keep a constant watch on the state of the cash and bank balances and on the states of investments; j) watch the progress of the collection of revenue and advise on the methods of collection employed; k) ensure that the registers of buildings, land ,furniture and equipments are maintained up-to-date and that stock-checking is conducted, of equipment and other consumable materials in all offices, Special Centres, Specialised Laboratories, colleges and institutions maintained by the University; l) call for explanation for unauthorized expenditure and for other financial irregularities and suggest disciplinary action against persons at fault; and m) call for from any office, Centre, laboratory, college or institution maintained by the University any information or returns that he may consider necessary for the performance of his duties. (7) The receipt of the Finance Officer or of the person or persons duly authorized in this behalf by the Executive Council for any money payable to the University shall be sufficient discharge for payment of such money.