General Fund

The University shall have a General Fund set up by Board in the name of the University and operated by the University to which shall be credited— (i) Rs. 20,00,00,000 as a one-time capital grant to be made by the Board for meeting the non-recurring cost of the University ; (ii) Rs. 2,00,00,000 to be annually contributed by the Board ; (iii) its income relating the fee and endowments ; (iv) contributions or grants as may be made by the Board ; and (v) other contributions or grants as may be made by any person or authority. (1) Teachers of the University shall be of two classes, namely :–– (i) appointed teachers of the University ; and (ii) recognized 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 otherwise teachers of the University. (3) Recognized teachers of the University shall be the members of the staff of a recognized institution other than, an institution maintained by the University : Provided that no such member of the staff be deemed to be a recognized teacher unless he is recognized by the Executive Council as a Professor, Reader or in any other capacity as a teacher of the University. (4) The qualifications of recognized 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 the Ordinances made in that behalf. A person in the service of a recognized institution other than an institution maintained by the University, recognized as a teacher of the University otherwise than as a Professor or Reader, shall continue to be recognized 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 recognized as a teacher of the University except on the recommendation of a Selection Committee constituted for the purpose.