Amendment status not verified — confirm the current text below against the official source.
Power and Functions of the Board - (1) Subject to the provisions of this Act and the Statutes, the Board shall be the Chief Executive Body of the University and shall manage and supervise the properties and activities of the University and shall be responsible for the conduct of all administrative affairs of the University not otherwise provided for in this Act. (2) Without prejudice to the generality of theforegoing powers under the provisions of sub-section (1) the Board shall exercise and perform the following powers and functions:- (i) to consider and approve the financial requirements, estimates and the budget of the University; (ii) to hold and control the property and the funds of the University and issue any general directive on behalf of the University (iii) to accept or transfer any property on behalf of the University (iv) to administer funds placed at the disposal of the University for the purpose intended (v) to arrange for the investment and withdrawal of the funds of the University (vi) to borrow money for capital investments with prior approval of the State Government and make suitable arrangements for its repayment (vii) to accept on behalf of the University trusts, bequests and donations (viii) to consider and approve the recommendations of the Academic, Research and Education Extension Councils where required 28 बहार गजट (असाधारण), 29 अग# त 2016 (ix) to direct in respect tothe form and use of the common seal of the University (x) to appoint such committees and bodies as it may deem necessary and determine the terms of reference their context in accordance with the provisions of this Act and the Statutes (xi) to consider and approve the establishment of a new Department, Centre or Research Station / sub-station or abolition of any one thereof or otherwise reconstitution of Department, Research Stations or centre on the recommendation of the Academic Council. (xii) to consider and approve establishment of a new college or faculty, amalgamation of two or more colleges or faculties into a single college or faculty or abolition of a college or faculty or reconstitution of any of the existing faculties on the recommendation of the Academic Council (xiii) to approve the recommendations for appointment of officers/officials of the University and teachers of the rank of Associate Professor and above in the prescribed manner. (xiv) creation of various posts in the University and its Colleges, institutions and centres. (xv) To perform such other functions as may be assigned to it by Statutes.