Funds and accounts

(1) The University shall have a General Fund to which shall be credited- (a) its income from fees, grants, donations and gifts, if any; (b) any contribution or grant made by the Central Government, and the University Grants Commission, All India Council for Technical Education or like authority, any local authority or any corporation owned or controlled by the Government; (c) endowments and other receipts. Explanation: In this section the expression “University Grants Commission” means the Commission established under section 4 of the University Grants Commission Act, 1956 (Central Act 3 of 1956). (2) The university may have such other funds as may be prescribed by the Statutes. (3) The funds and all moneys of the university shall be managed in such a manner as may be prescribed by the statutes. (4) The Government may, every year, provide grant-in-aid to facilitate and promote studies and research in emerging areas of higher education, including new frontiers of technology, pharmacy, environmental studies, non-conventional energy sources and management studies, and also to achieve excellence in these and connected fields in the manner prescribed by the Government from time to time. (1) (i) Every University Teaching Department, included in Faculty, shall have Board of Studies and Research. (ii) Every Department other than University Teaching Departments included in faculty shall have also Board of Studies and Research. (2) The Board of Studies and Research of University Teaching Departments shall consist of:- (i) The Chairperson of the Department/Director of School; (ii) All the Professors appointed or recognized by the University in the Department; (iii) Two Associate Professors and two Assistant Professors appointed or recognized by the University in the Department to be nominated by the Vice-Chancellor, by rotation, according to seniority; (iv) Two university approved teachers from the colleges/institutions admitted/ affiliated to the privileges of the University in the subject concerned to be nominated by the Vice-Chancellor, by rotation, according to seniority; Provided that not more than one such member shall be from the same college. (v) Two outside experts to be nominated by the Vice- Chancellor on the recommendations of the Chairperson of the Department / Director of School; Provided that the Executive Council at the request of the Academic Council, may increase the number of members of a Board of Studies and Research under sub- clause (v) above. (3) The Board of Studies and Research other than University Teaching Department shall consist of :- (i) The Dean of the concerned Faculty- Chairperson (ii) One University approved Professor, one Associate Professor and one Assistant Professor from the affiliated colleges/institutions in the subject concerned recognized by the University to be nominated by the Vice- Chancellor, by rotation, according to seniority. Provided that not more than one such member shall be from the same college. (iii) Two outside experts to be nominated by the Vice-Chancellor on the recommendations of the Dean of the concerned Faculty. Provided that the Executive Council at the request of the Academic Council, may increase the number of members of a Board of Studies under sub-clause (v) above. (4)(i)The Board of Studies and Research shall make recommendations in respect of the courses and syllabi of studies and text books for the various subjects for all classes and Research Degree to the Academic Council through the Faculty concerned. (ii)The Board of Studies shall also make recommendations to the Academic Council, regarding the appointments of Paper-setters and Examiners for all the courses. (iii)The Board of Studies shall deal with any other matter that may be referred to them by the Faculty. The Chairperson of the Department shall be the Chairperson of the Board. Members, other than ex-officio members, shall hold office for two years: Provided that a person whose book or any other publication is to be the subject of consideration before the Board, shall not be attached to the Board.