Powers of the University Board (Continued)

(ai) To recommend to the Board of Governors, to establish and to recognize regional centers, study centers and research centers; (aj) To authorize any officer of the University for executing required documents for the purpose of raising loans and borrowing money on any properties and assets of the University or without any securities and upon such terms and conditions as it may deem fit; (ak) To pay out with prior approval of the Board of Governors from the funds of the University, all expenses, incidental to the raising or borrowing of money and to repay and redeem any money borrowed; (al) To recommend to the Board of Governors the establishment and support of Associations, Institutions, Funds, Trusts and conveyances calculated to benefit the staff and the students of the University; (am) To approve signing of Memoranda of Understanding with various National, International, Governmental and Non-Governmental Agencies, Institutions, Organizations, Universities and Societies and authorize any officer or employee of the University for the same; (an) To select an emblem, flag, insignia or motto for the University and to create a common seal for the University and to provide for the custody and use of the same; (ao) To institute or suspend or cancel fellowship, including travelling fellowships, scholarships, studentships, medals, prizes and other academic distinctions in consultation with the Academic Council; (ap) To authorize any officer or its representative to represent the University before any government / non-government agencies and other statutory authorities and bodies; (aq) To recommend to the Board of Governors for investing any funds belonging to the University, in such investment vehicles as permitted by law; (ar) To determine, amend & collect fees and other charges for various courses conducted by the University in consultation with the Finance Committee. (as) To issue appeals for raising funds to carry out the objectives of the University; (at) To receive grants, donations, contributions gifts, prizes, scholarships, fees and other monies; (au) To review the Annual Statements of Accounts including the Balance Sheet for every previous Financial Year and place the same before the Board of Governors; (av) To review the Annual Budget of the University and place the same before the Board of Governors for approval; (aw) To review the Annual Report of the activities of the University and place the same before the Board of Governors for approval; (ax) To get the accounts of the University audited internally at such intervals, as it may deem fit; (ay) To fix emoluments, travelling and other allowances of examiners, moderators, tabulators and such other personnel appointed for examinations in consultation with the Finance Committee; (az) To fix travelling and other allowances for the officers and employees of the University for any journey undertaken for official purpose of the University; (ba) To make arrangements for instruction and examinations of students enrolled under distance education courses at approved centers; (bb) To regulate and determine all other matters concerning the University in accordance with the Act, Statutes and Ordinance. (bc) To exercise such other power and discharge such other functions as assigned by the Board of Governors from time to time or as required for efficient functioning of the University.