Power and functions of Board

(I) Subje;t to the provisions of this Act, the Board shall be respon§ibl6 for the general superintendeiice, dii.ectioii and control of the affairs of the University and shall exercise all the powers of the University, and shan have ``the power to review the acts of the Academic and Activity Council, the Finance Committee an-d other committees or aulilorities of the University. (2) Without prejudice to the provisions of sub-section (1), the Board shall have the following powets and functions , namely: - (i) to take decisions on question of policy relating to the administration and working of the University, to review, riom time to time, the broad policies and programs of the University, and to suggest measures for the iminv6meutanddevelopmentoftheuniversity; (ii) to cbn§ider and approve the Annual Report and the annual budget Of the University for every financial year and to consider audit report of such account; (iii) to invest money and funds of the University.and to take decision on the recommendations of the finance com!nittee; (iv) to publish or'finance the publication of studies, books, periodicals, reports and other literature from time to time and to sell or arrange for the sale as it may deem fit; (v) to create or abolish posts of teachers, officers and employees of the University with the approval. of the State Govemmerty (vi) tg appoint such committees as it considers necessary for the exercise of its powers and performance of its duties under thi? Act; (vii) to delegate any of `jt§ power to the Directors, Deans, Registrar, Head Coaches or any other officers, erpp]oyee or authority of the University or to a committee appo.tnted by it; and (viii) to exercise such other powers and perfonn such other functions as may be conferred or imposed upon it by or under thislAct or the regulations, and such other powers for achieving the object of the University. (3) Save as o,therwise provided in this section, the .temi of a member of the Board nominated under clauses(iii). (iv) and (v) of sub-section (1) of section 21 shall be three years from the date of his nomination. (4) A member nominated under clauses (iii), (iv) and (v) i of sub-section (I) of .section 21 may resign from his office by writing under his hand addressed to the chaimran and his resignation shall take effect from the date of its acceptance by the chairman.