General Fund

The University shall have a General Fund set up by Shri Mata Vaishno Devi Shrine Board in the name of the University and operated by the University to which shall be credited–– (i) Rupees twenty crore as a one time capital grant to be made by Shri Mata Vaishno Devi Shrine Board for meeting the non-recurring cost of the University. (ii) Rupees three crore to be annually contributed by Shri Mata Vaishno Devi Shrine Board ; (iii) its income relating the fee and endowments ; (iv) contribution or grants which may be made by the Government ; and (v) other contributions or grants, (1) Teachers of the University shall be of two classes, namely :-- (i) Appointed teachers of the University ; (ii) Recognised teachers of the University ; (2) Appointed teachers of the University shall be either-- (a) employees of the University as Professors, Readers and Lecturers or otherwise of the University, or . (b) persons appointed by the Chancellor as Honorary Professors, Emeritus Professors, Readers or Lecturers or otherswise as teachers of the University. (3) Recognised teachers of the University shall be the members of the staff of a recognised institution other than an institution maintained by the University : Provided that no such member of the staff shall be deemed to be a recognised teacher unless he is recognised by the Executive Council as a Professor, Reader or in any other capacity as a teacher of the University. (4) The qualifications of recognised teachers of the University shall be such as may be prescribed by the Ordinances. (5) All applications for the recognition of the teachers of the University shall be made in such a manner as may be laid down by the Regulations made by the Executive Council in that behalf. (6) The period of recognition of a teacher of the University as Professor or Reader shall be determined by Ordinances made in that behalf. A person in the service of a recognised institution other than an institution maintained by the University, recognised as a teacher of the University otherwise than as a Professor or Reader shall continue to be recognised so long as he is in the service of the Institution. (7) The Academic Council may, by a special resolution passed by a majority of not less than two-thirds of the members present and voting, withdraw recognition from teacher : Provided that no such resolution shall be passed until a notice in writing has been given to that person calling upon him to show cause within such time as may be specified in the notice why such resolution should not be passed and until his objections, if any, and any evidence he may produce in support of them, have been considered by the Academic Council. (8) A person aggrieved by an order of withdrawal under clause (7) may, within three months from the communication to him of such order, appeal to the Executive Council who may pass such orders thereon as it thinks fit. (9) No person shall be appointed or recognised as a teacher of the University except on the recommendation of a Selection Committee constituted for the purpose.