Amendment status not verified — confirm the current text below against the official source.
The Executive Council shall exercise the following Executive Council powers, namely :- (a) to hold, control and administer the revenue, property and funds of the University; 1[(b) to create, upgrade, downgrade, abolish and transfer from one department to another teaching and academic posts, to determine the number and emoluments of such posts and to define the duties and conditions of services of Professors, Assoc. Professors, Asstt. Professors and other academic staff and Principals of colleges and institutions maintained by the University. Provided that in respect of the number, qualifications and the emoluments of teachers and academic staff, the Executive Council shall take action after consideration of the recommendations of the Academic Council; (c) to appoint and/or promote Professors, Assoc. Professors, Asstt. Professors, other academic staff and Principals of colleges and institutions maintained by the University, on the recommendations of the Selection Committee constituted for the purpose and to fill up temporary vacancies therein; (d) to create, upgrade, downgrade, abolish and transfer the posts from one Unit/Section to another administrative, ministerial and other posts and to make appointments and/or promote thereto, in the manner prescribed by the Statutes. (e) 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; (f) to invest any money belonging to the University including any unapplied income in such stocks, funds, shares or securities as it shall, from time to time, think fit or in the purchase of immovable property in India, with the like powers of varying such investments from time to time;