The Vice-Chancellor shall preside over the meetings of the selection committee.

Funds of University

1. (1) There shall be for the University a Fund which shall include -
   • (a) any contribution or grant made by the State Government ;
   • (b) any contribution or grant made by the University Grants Commission or the Union Government ;
   • (c) any contribution made by public sector undertakings;
   • (d) any bequests, donations, endowments or other grants made by private individuals or institutions ;
   • (e) income received by University from fees and charges, and
   • (f) amount received from any other source.
2. (2) The amount in the said Fund shall be kept in a Scheduled Bank as defined in the Reserve Bank of India Act, 1934 or may be invested in such securities authorized by the Indian Trust Act, 1882, as may be decided by the General Council.
3. (3) The said Fund will be operated by the Vice-Chancellor or senior officers of the University authorised for such purpose and in such manner as may be prescribed by regulations.