Powers and functions of the Executive Council

Without prejudice to the provisions of Section 12, the Executive Council shall have the following powers and functions:- (one) to create, abolish or classify teaching posts in the Institute after considering the recommendations of the Academic Council, and to determine the qualifications, achievements and duties attached thereto; (two) to make appointments from time to time of the Registrar, Librarian, Professor, Associate Professor, Assistant Professor and other members of the teaching staff, as may be necessary, on the recommendations of the Selection Committee constituted by the Regulations for this purpose: Provided that it shall not be necessary to constitute a Selection Committee for making appointment to: (a) any supernumerary post; or (b) the post of Professor of a person of high academic distinction, reputation and professional ability; (three) to create administrative, ministerial and other necessary posts, and to determine the minimum qualifications and achievements for such posts; (four) to manage and regulate the finance, accounts, investments, property, business and all other administrative activities of the Institute, and for such purpose to appoint such agents as it may deem fit; (five) to invest the money of the Institute, including any unutilized money, in such stocks, funds, shares or securities as it may deem fit from time to time or in the purchase of immovable property in India, and to vary such investments from time to time with like power; (six) to transfer or accept transfer of any movable or immovable property on behalf of the Institute; (seven) to enter into, amend, execute and cancel contracts on behalf of the Institute, and to appoint officers for that purpose as it may deem fit; (eight) to provide buildings, premises, furniture and equipment and other means necessary for carrying out the work of the Institute; (nine) to receive grievances of such officers, teachers, students and employees of the Institute who feel aggrieved for any reason, adjudicate upon them, and settle them; (ten) to appoint examiners and moderators in consultation with the Academic Council and if necessary to remove them and fix their fees, achievements and travel and other allowances; (eleven) to select a common seal for the Institute and provide for the custody of the seal; (twelve) to delegate any of its powers, except the power of making Regulations, to any officer or authority, either temporarily or permanently; and (thirteen) to exercise such other powers and perform such other duties as may be conferred or imposed on it by this Act or under it.