Governing Body and its powers

(1) The Governing Body shall consist of the following: (a) Chancellor - Chairperson; (b) One member shall be nominated from the members of the sponsoring institution as Co-Chairperson; (c) Vice-Chancellor - Member Secretary; (d) One educationist nominated by the Visitor; (e) Principal Secretary/Secretary from the Higher Education Department of the State Government; (f) Five members nominated by the sponsoring institution; (g) Two members nominated by the sponsoring institution from the officers of reputed higher education institutions. (2) The Governing Body shall be the principal administrative body of the University and shall have the following powers: (a) Determination of 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 earlier Statutes or Rules; (e) To decide regarding the voluntary winding up of the University; (f) Approval of proposals to be submitted to the State Government; (g) To take such decisions and measures as are found desirable for the effective performance of the objectives of the University; (h) Appointment of statutory auditors of the University; and (i) 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 fit.