Amendment status not verified — confirm the current text below against the official source.
Powers and functions of the Foundation.— “The powers and the functions of the Foundation shall be,” (i) to administer and manage the Foundation and such centers for study, research, education and instructions as are necessary in furtherance of the objects of the Foundation; (ii) to make provisions for research and for the advancement and dissemination of knowledge; (iii) to inculcate and promote research culture at all levels; (iv) to provide funding for research degrees, titles, diplomas, certificates and other distinctions; (v) to appoint researchers and fill other positions, with the approval of Government, confer any distinctions subject to such conditions as the Foundation may determine and to withdraw any grant, titles, and other academic distinctions subject to such conditions as the Foundation may determine; (vi) to supervise and control the residents of the Foundation and to regulate the discipline of the researchers and staff of the Foundation and to make arrangements for promoting their health and general welfare; (vii) to create research, academic, technical, administrative, ministerial and other positions and to make appointments thereto, with the approval of Government; (viii) to regulate and enforce discipline among the employees of the Foundation and to take such disciplinary measures as may be deemed necessary; (ix) to institute necessary teaching, academic or research posts required by the Foundation, with the approval of Government; (x) to institute and award fellowships, grants, scholarships, prizes and medals; (xi) to provide for printing, reproduction and publication of research and other works and to organize exhibitions, competitions, and hackathons; (xii) to co-operate with any other organizations in the matter of education, training and research for such purposes as may be agreed upon on such terms and conditions as the Foundation may from time to time determine; ---4--- (xiii) to co-operate with institutions of learning in any part of the world having objects wholly or otherwise similar to those of the Foundation by exchange of faculties, scholars and generally in such manner as may be conducive to the common objects; (xiv) to regulate the expenditure and to manage accounts of the Foundation; (xv) to establish and maintain within the premises of the Foundation or elsewhere such research centers as the Foundation may consider necessary and adequately furnish the same to establish and maintain such libraries, digital databases and reading rooms, laboratories as may appear convenient or necessary for the Foundation; (xvi) to receive funds, grants, subventions, subscriptions, donations and gifts for the purpose of the Foundation consistent with the objects for which Foundation is established; (xvii) to purchase, take on lease, or accept as gifts, or otherwise any land or building or works, which may be necessary or convenient for the purpose of the Foundation on such terms and conditions as it may think fit and proper and to construct or alter and maintain any such building or works, with prior approval of Government; (xviii) to sell, exchange, lease or otherwise dispose of all or any portion of the properties of the Foundation, moveable or immovable, with prior approval of Government, on such terms and conditions as it may think fit and proper without prejudice to the interests and activities of the Foundation; (xix) to draw and accept, to make and endorse, to discount and negotiate Government of India and other promissory notes, bills of exchanges, cheques or other negotiable instruments; (xx) to execute conveyances, transfers, re-conveyances, mortgages, leases; licenses and agreements in respect of property, moveable or immovable including Government securities belonging to the Foundation or to be acquired for the purpose of the Foundation, with prior approval of Government; (xxi) to appoint in order to execute an instrument or transact any business of the Foundation any person as it may deem fit, with the approval of Government; (xxii) to start or discontinue any program offered by the Foundation; (xxiii) to enter into any agreement with the Central Government, other State Government, or any other authorities, institutions, and industries for receiving grants; (xxiv) to accept grant of money, securities or property of any kind or description on such terms and conditions as it may be deem expedient; (xxv) to raise and borrow money on bonds, mortgages, promissory notes or other obligations or securities founded or based upon all or any of the properties and assets of the Foundation or without any securities and upon such terms and conditions as it may think fit and to pay out of the funds of the Foundation, all expenses incidental to the raising of money, and to repay and redeem any money borrowed or debt made with the prior approval of Government; (xxvi) to invest the funds of the Foundation or moneys entrusted to the Foundation in or upon such securities or deposits and in such manner as it may deem fit and from time to time transpose any investments with the prior approval of Government; (xxvii) to make such regulations for regulating the affairs and the management of the Foundation and its properties and to amend and to repeal them; (xxviii) to constitute for the benefit of the academic, research, technical, administrative and other staff, in such manner and subject to such conditions as may be prescribed, pension, insurance, provident fund and gratuity and other schemes as it may deem fit and to make such grants as it may think fit for the benefit of the staff of the Foundation and to aid in the establishment and support associations, institutions, funds and trusts for the benefit of the staff and the students of the Foundation; ---5--- (xxix) to confer rankings and other distinctions in such manner as may be prescribed; (xxx) to delegate all or any of its powers to the Chairperson or any committee or to any one or more members of its body or to its officers; (xxxi) to form a State level Ethical Review Committee to administer approval of research projects/proposals that include human/animal subjects; (xxxii) to administer and facilitate sharing/use of any data that has received from public or Government funding, for the purpose of research, academic use after the end of the proprietary data period; (xxxiii) to do all such other acts and things as the Foundation may consider necessary, conducive or incidental to the attainment or enlargement of the aforesaid objects or any of them.