Powers of the sponsoring body

The sponsoring body shall have the following powers with reference t o the 1[University] , each of which may be exercised by the Sponsoring Body at its discretion, namely:- (i) to appoint or re-appoint the Chanc ellor of the Board of Governors; (ii) to constitute the Board of Governors of the 1[University] ; (iii) to nominate upto four persons as members of the Board of Management each of which shall be eminent professionals or researchers; (iv) to det ermine the sourc e of funds to be c ontributed to the 1[University] Endowment Fund; (v) to det ermine the policies for applic ation and spending of moneys by the 1[University] ; (vi) to resolve a Conflict at the meeting of the Board of Governors in the manner provided for in this Act. CHAPTER – III OFFICERS OF THE [UNIVERSITY] 1. Substituted by Act 13 of 2018 w.e.f 17.03.2018.

1[University] , each of which may be exercised by the Sponsoring Body at its discretion, namely:-

1. (i) to appoint or re-appoint the Chanc ellor of the Board of Governors;
2. (ii) to constitute the Board of Governors of the 1[University] ;
3. (iii) to nominate upto four persons as members of the Board of Management each of which shall be eminent professionals or researchers;
4. (iv) to det ermine the sourc e of funds to be c ontributed to the 1[University] Endowment Fund;
5. (v) to det ermine the policies for applic ation and spending of moneys by the 1[University] ;
6. (vi) to resolve a Conflict at the meeting of the Board of Governors in the manner provided for in this Act. CHAPTER – III OFFICERS OF THE [UNIVERSITY]

¹ Substituted by Act 13 of 2018 w.e.f 17.03.2018.