Chapter IV SUPPLEMENTARY PROVISIONS

33. (1) The University shall establish a fund to be called the University Fund consisting of,-

1. (i) any contribution or grant or loan by the State Government and the Central Government;
2. (ii) the income of the University from all sources including income from fees and charges;
3. (iii) bequest, donations, gifts, endowments and other grants, if any;
4. (iv) the moneys received by the University from the collaborating industry in terms of the provisions of the Memorandum of Understanding between the University and the industry, for establishment of sponsored chairs, fellowship and infrastructure facilities of the university.

1. (2) All funds of the University shall be deposited in such banks or invested in such manner as the Board may decide on the recommendation of the finance committee.
2. (3) The funds of the University shall be applied towards the expenses of the University including expenses incurred in the exercise of its power and discharge of its functions by or under this Act.

34. (1) The University shall maintain proper account and other relevant records and prepare an annual statement of accounts, including income and expenditure account and the balance sheet in such form and in such manner as may be prescribed.

1. (2) The University shall adopt a proper system of internal checks and balances and controls in the discharge of its financial, accounting and auditing functions as may be prescribed.
2. (3) The accounts of the University shall be audited every year by an auditor, who shall be the Chartered Accountant, as defined in the Chartered Accountant Act, 1949 or a firm of Chartered Accountant, to be appointed by the Board.
3. (4) The accounts of the University certified by the Chartered Accountant or firm so appointed or any other person authorized in this behalf, together with audit report thereon shall be placed before the Board and the Board may issue such instructions to the University in respect therefor as it deems fit and the University shall comply with such instructions.
4. (5) An internal auditor shall audit the accounts of the University to ensure concurrent audit of all books of accounts and such periodical internal audit report shall be placed before the Board for review.

35. (1) The University shall prepare for each financial year an annual report for each financial year containing such particulars as the Board may specify and shall submit to the Board on or before such date may be prescribed. The Board shall consider such report and may pass resolutions thereon and thereupon the Finance Committee shall take action in accordance with such resolution. The action taken by the Financial Committee on such resolution and if no action is taken, the reasons for taking no action shall be communicated to the Board.

1. (2) The copy of the annual report along with the resolution of the Board thereon shall be submitted to the State Government.

36. (1) The University shall, with approval of the Board, constitute for the benefit of its officers, teachers and other employees, in such manner and subject to such conditions as may be prescribed, such schemes of pension, provident fund and insurance as it may deem fit, and also aid in establishment and support of the associations, institutions, funds, trusts and conveyance calculated to benefit of the officers, teachers and employees of the University.

1. (2) Where any such provident fund has been so constituted, the provision for the Provident Funds Act, 1925 shall apply to such fund as if it were a Government Provident Fund.

37. No act or proceeding of the Board or any Authority of the university or any committee constituted under this Act or by regulations shall be questioned on the ground merely of the existence of any vacancy in or defect of, in the constitution of such Board, Authority or committee of the University.

38. Notwithstanding anything contained in any other State law for the time being in force, the University shall have powers to confer degrees, diplomas and grant certificates and confer honorary degrees and other academic distinctions and titles as approved by the Board.

39. The University shall furnish to the State Government, University Grants Commission and other statutory authorities such reports, returns, statements, documents and other information, as may be required by them from time to time.

40. Every officer, teachers and other employees of the University shall be deemed to be a public servant within the meaning of section 21 of the Indian Penal Code. Explanation.- For the purpose of this section, any person, who is appointed by the University for a specified period or a specified work of the University or who received any remuneration by the way of compensatory allowances or fee for any work done from the University fund, shall be deemed to be an officer or employee of the University while he is performing the duties and functions connected with such appointment or work.

41. (1) No officer or employee or member of teaching, non-teaching and other academic staff of the University shall be dismissed or removed or reduced in rank except after an inquiry in which he has been informed of the charges against him and given a reasonable opportunity of being heard in respect of those charges: Provided that nothing in this section shall apply to any person who is appointed on purely temporary basis only.

1. (2) An appeal against an order of dismissal, removal or reduction in rank under sub-section (1) or of termination of service shall lie to the Vice-Chancellor within sixty days from the date of communication of such order and the decision of the Vice-Chancellor in such appeal shall be final.

42. The State Government shall have power to issue directions from time to time as may be required for compliance of the provisions of this Act, the regulation and under any other law for the time being in force and the University shall comply with such directions.

43. (1) Subject to the provisions of this Act, the Board shall have in addition to all other powers vested in it, the powers to make regulations to provide for administration and management of the affairs of the University.

1. (2) In particular and without prejudice to the generality of the foregoing powers, such regulations may provide for all or any of the following matters, namely:-
   • (i) the summoning and holding of meetings of the authorities of the University, other than the first meeting of the Board and the quorum and conduct of business at such meeting;
   • (ii) the powers and functions to be exercised and discharged by the Vice-Chancellor and the Chairman;
   • (iii) the constitution, powers and duties of the authorities, bodies and other committee of the University, the qualifications and disqualifications for membership of such authorities, term of office of the membership, appointment and the removal of members thereof and other matters connected therewith;
   • (iv) the procedure to be followed by the Board and any committee or the other body constituted under this Act or by the regulations in the conduct of the business, exercise of the powers and discharge of its functions;
   • (v) the procedure and the criteria to be followed in establishment of courses of study and admission of students;
   • (vi) the procedure to be followed for enforcing discipline in the University;
   • (vii) the management of the properties of the University;
   • (viii) the diplomas, the degree, the certificates and other academic distinctions and titles which may be conferred or granted by the University and withdrawal or cancellations of any such degrees, diplomas, certificates and other academic distinctions and titles and the requirements thereof;
   • (ix) the conduct of examination including the term of office and appointment of examiners;
   • (x) the creation of the posts of Directors, Professors, Assistant Professors, Readers, Lecturers or equivalent academic designations or posts, officers and employees of the University; and the appointment of persons to such posts including the qualifications requisite therefor;
   • (xi) the fees and other charges, which may be paid to the University for the courses, training, facilities and services provided by it;
   • (xii) the manner and conditions for constitutions of insurance, pensions and provident funds and such other schemes for the benefits of officers, teachers and employees of the University;
   • (xiii) the terms and conditions for associations of the University with other institutions;
   • (xiv) the preparation of budget estimates and maintenance of accounts;
   • (xv) the mode of executing of contracts or agreements by or on behalf of the University;
   • (xvi) the classification and procedure for appointment of officers, employees and staff of the University;
   • (xvii) the terms and tenure of appointments, salaries and allowances, contractual services, rules of discipline and other conditions of service of the Vice-Chancellor, Director, other officers, teachers and employees of the University; (xviii) the terms and conditions governing deputation of teachers, officers, employees of the University;
   • (xix) the power and duties of Vice-Chancellor, Director and other officers, teachers and employees of the University;
   • (xx) the terms and conditions governing fellowships, scholarships, stipends, medals and prizes;
   • (xxi) the authentication of the orders and the decisions of the Board;
   • (xxii) the matter relating hostels and halls of residence and housing for faculty, officers and employees of the University and guest house including the disciplinary control therein; and (xxiii) all matters which by this Act are to be or may be prescribed.

44. No suit, prosecutions or other legal proceedings shall lie against and no damage shall be claimed from the University, the Vice-Chancellor, the Director, the authorities or officers or employees of the University or any person in respect of anything which is done in good faith or purporting to be done in pursuance of this Act or any regulation made there under.

45. (1) If any difficulty arises in giving effect to the provisions of this Act, the State Government may, by order published in the Official Gazette, make such provisions not inconsistent with the provisions of this Act, as may appear to be necessary for removal difficulties: Provided that no such order shall be made under this section after the expiry of two years for the date of commencement of this Act.

1. (2) Every order made under this section shall be laid as on as may be after it is made before the State Legislature.