Governing Body and its powers

(1) The Governing Body shall consist of the following: (a) Chancellor - Chairperson; (b) Two regional members of the Legislative Assembly; (c) Co-Chairperson of the Governing Body - one member will be nominated from the members of the Sponsoring Body; (d) Vice-Chancellor - Member-Secretary; (e) Three Educationists nominated by the Visitor; (f) Two experts of industry/corporate/professional world nominated by the Sponsoring Body; (g) One member nominated by the Sponsoring Body from reputed higher educational institutions. (2) The Governing Body shall be the main administrative body of the University and shall have the following powers: namely: (a) Determination of the policies to be followed by the University; (b) Review of the decisions of other authorities of the University, if they are not in accordance with the provisions of this Act or Statutes or Rules; (c) Approval of the budget and annual report of the University; (d) Making new or additional Statutes or amendment or repeal of the earlier made Statutes or Rules; (e) To decide regarding the voluntary winding up of the University; (f) Approval of the proposals to be submitted to the State Government; (g) To take such decisions and make efforts as are found desirable for effective performance of the objects of the University; (h) To appoint statutory auditors of the University; and (i) To appoint and authorize officers and officials for opening, closing, operating and managing all accounts of the University. (3) The Governing Body shall meet at least twice in a year at such time and place as the Chairperson of the Governing Body deems appropriate. (4) For the conduct of business, the quorum shall be of five members.