Action not to be invalidated merely on the ground of defect in constitution

(1) Notwithstanding that the University Court, the Executive Council, the Academic Council or any other authority or body of the University is not duly constituted or there is a defect in its constitution or reconstitution at any time or there is a vacancy in the membership of any such authority or body, no act or proceedings of such authority or body shall be deemed to be invalid merely by reason of such University Court or Executive Council or Academic Council or such other authority or body being not duly constituted or any defect in the constitution or reconstitution thereof or the existence of a vacancy or vacancies among its members. (2) No resolution of any authority or body of the University shall be deemed to be invalid merely by reason of any irregularity in the service of notice upon any member thereof, provided that the proceedings of such authority or body were not prejudicially affected by such irregularity. The Executive Council shall prepare the annual report containing such particulars as the University Court may specify, covering each financial year and submit it to the University Court on or before such date as may be prescribed, the University Court may pass resolutions thereon and the Executive Council shall take action in accordance therewith.