The Institute of Chartered Financial Analyst of India University Act, 2006
Chapter IV Chapter IV
Chapter IV Chapter IV
18. Authorities of university
The following shall be the authorities of the University, namely: (a) The Board of Governors; (b) The Board of Management; (c) The Academic Council; (d) The Finance Committee; and (e) Such other authorities as may be declared by the Statutes to be the authorities of the University.
Chapter IV Chapter IV
19. Board of Governors and its powers
(1) The Board of Governors shall consist of the following: (a) The Chancellor (b) The Vice-Chancellor (c) Four persons nominated by the Sponsor (d) Two representatives of the State Government (e) An educationist of repute to be nominated by the State Government (f) One academician to be nominated by the Visitor (2) The Chancellor shall be the Chairman of the Board of Governors. (3) The Registrar shall be the ex-officio Secretary of the Board of Governors (4) The Board of Governors shall be the supreme authority and principal governing body of the University and shall have the following powers, namely; (a) To appoint the Statutory Auditors of the University; (b) To lay down policies to be pursued by the University; (c) To review decisions of the other authorities of the University if they are not in conformity with the provisions of this Act or the Statutes or the Rules; (d) To approve the budget and annual report of the University; (e) To make new or additional Statutes and Rules or amend or repeal the earlier Statutes and Rules; (f) To take decision about voluntary winding up of the University; (g) To approve proposals for submission to the State Government; and (h) To take such decisions and steps as are found desirable for effectively carrying out the objects of the University; (5) The Board of Governors shall meet at least twice in a calendar year at such time and place as the Chancellor may fix.
Chapter IV Chapter IV
20. Board of Management
(1) The Board of management shall consist of: (a) The Vice-Chancellor (b) The Registrar (c) Three persons, nominated by the Sponsor (d) Two Deans of the faculties as nominated by the Chancellor; (e) Two representatives to be nominated by the State Government (2) The Vice-Chancellor shall be the Chairman of the Board of Management and the Registrar shall be the Secretary of the Board of Management (3) The powers and functions of the Board of management shall be such as may be prescribed. (4) The Board of Management shall meet as often as required.
Chapter IV Chapter IV
21. Academic Council
(1) The Academic Council shall consist of: (a) The Vice-Chancellor - Chairman (b) The Registrar - Secretary (c) Such other members as may be prescribed by the Statutes. (2) The Academic Council shall be the principal academic body of the University and shall, subject to the provisions of this Act, the Statutes and the Rules, co-ordinate and exercise general supervision over the academic policies of the University.
Chapter IV Chapter IV
22. Finance Committee
(1) The Finance committees shall consist of: (a) The Vice-Chancellor - Chairman (b) The Registrar - Secretary (c) The Finance Office1 (d) Such other members as may be prescribed in the Statutes (2) The Finance Committee shall be the principal financial body of the University to take care of financial matters and shall, subject to the provisions of this Act, the Statutes and the Rules, co-ordinate and exercise general supervision over the financial matters of the University.
Chapter IV Chapter IV
23. Other Authorities
The constitution, powers and functions of the other authorities of the University shall be such as may be prescribed.
Chapter IV Chapter IV
24. Proceedings not invalidated on account of vacancy
No act or proceeding of any authority of the University shall be invalid merely by reason of the existence of any vacancy or defect in the constitution of any authority.
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