The Governing Body: -

25. The Governing Body: - (1) The Governing Body of the university shall consist of the following, namely :- (a) the Chancellor; (b) the Vice-Chancellor; (c) three eminent persons nominated by the sponsoring body out of whom atleast one shall be noted educationist; (d) three distinguished persons nominated by the Visitor out of a panel of six names submitted by the Government; and (e) one representative of the Government, not below the rank of Deputy Secretary. (2) The Chancellor shall be the ex-officio Chairman of the Governing Body. (3) The Governing Body shall be the highest authority of the university. All the movable and immovable property of the university shall vest in the Governing Body. It shall have following powers, namely :- (a) to provide general superintendence and directions and to control functioning of the Private University by using all such powers as are provided by this Act or the Statutes, Ordinances or Regulations made thereunder; (b) to review the decisions of other authorities of the Private University in case they are not in conformity with the provisions of this Act, or the Statutes, Ordinances or Regulations made thereunder; (c) to approve the budget and annual report of the Private University; (d) to lay down the policies to be followed by the Private University; (e) to recommend to the sponsoring body about the voluntary liquidation of the Private University if a situation arises when smooth functioning of the Private University is not possible; and (f) such other powers as may be prescribed by the Statutes. (4) The Governing Body shall meet at least three times in a calendar year. (5) The quorum for meetings of the Governing Body shall be five (5).