Amendment status not verified — confirm the current text below against the official source.
(1) The Executive Council shall have power of management and administration of the revenues and property of the University and the conduct of all administrative affairs of the University not otherwise provided for. (2) Subject to the provisions of this Act, the Statutes and the Ordinances, the Executive Council shall, in addition to all other powers vested in it, have the following powers, namely:- (i) to create teaching and other academic posts including Chairs, to determine the number and emoluments of such posts and to define the duties and conditions of service of Professors, Associate Professors, Assistant Professors and other academic staff: Provided that no action shall be taken by the Executive Council in respect of the number and qualifications of teachers and other academic staff otherwise than after consideration of the recommendations of the Academic Council; (ii) to appoint such Professors, Associate Professors, Assistant Professors and other academic staff including Chairs, as may be necessary, on the recommendation of the Selection Committee constituted for the purpose and to fill up temporary vacancies therein; (iii) to promote inter-facial research by making joint appointments of teaching staff in different Schools, Departments and Centres; (iv) to create administrative, ministerial and other necessary posts and to define their duties and conditions of their service and to make appointments thereto in the manner prescribed by the Ordinances; (v) to grant leave of absence to any officer of the University other than the Chancellor and the Vice-Chancellor, and to make necessary arrangements for the discharge of the functions of such officer during his absence; (vi) to regulate and enforce discipline among employees in accordance with the Statutes and the Ordinances; (vii) to manage and regulate the finances, accounts, investments, property, business and all other administrative affairs of the University and for that purpose to appoint such agents as it may think fit; (viii) to fix limits on the total recurring and the total non-recurring expenditure for a year on the recommendation of the Finance Committee; (ix) to invest any money belonging to the University, including any unapplied income, in such stocks, funds, shares or securities, from time to time, as it may think fit or in the purchase of immovable property in India, with the like powers of varying such investment from time to time; (x) to transfer or accept transfers of any movable or immovable property on behalf of the University; (xi) to provide buildings, premises, furniture and apparatus and other means needed for carrying on the work of the University; (xii) to enter into, vary, carry out and cancel contracts on behalf of the University; (xiii) to entertain, adjudicate upon, and if thought fit, to redress any grievances of the employees and students of the University who may, for any reason, feel aggrieved; (xiv) to appoint examiners and moderators and, if necessary, to remove them, and to fix their fees, emoluments and travelling and other allowances, after consulting the Academic Council; (xv) to select a common seal for the University and provide for the use of such seal; (xvi) to make such special arrangements as may be necessary for the residence of women students; (xvii) to institute fellowships, scholarships, studentships, medals and prizes; (xviii) to provide for the appointment of Visiting Professors, Emeritus Professors, Consultants and Scholars and determine the terms and conditions of such appointments; (xix) to approve the award of degrees and diplomas based on the results of the examinations and tests to confer, grant of award of degrees, diplomas, certificates and other academic titles and distinctions; (xx) to raise and borrow money on bonds, mortgages, promissory notes or other obligations or securities funded or based on any of the properties and assets of the University or without any securities and upon such terms and conditions as it may think fit and pay out of the funds of the University, all expenses, incidental to the raising of money and to repay and redeem any money borrowed; (xxi) to enter into partnership with industry and non-government agencies for the advancement of knowledge and establish a corpus of funds out of the profits of such partnership; and (xxii) to exercise such other powers and perform such other duties as may be conferred or imposed on it by this Act or the Statutes.