Institution Of Fellowships, Scholarships, Studentships, Freeships, Medals And Prizes (Section 32 (l))

(1) In consultation with the Academic Council, the Board of Management shall have the power for institution of fellowships, scholarships, studentships, freeships, medals and prizes in various faculties in accordance with the rules made in the regard. (2) It shall be responsibility of each Dean of the constituent School and Dean-Academic Affairs to recommend to the Finance Committee the allocation of sufficient funds for such schemes. (3) The Board of Management shall have full powers to award, suspend, withdraw or cancel any fellowships, scholarships, studentships, freeships, medals and prizes approved by it.