Amendment status not verified — confirm the current text below against the official source.
Powers and Functions of Board of Governors.-(1) Subject to the provisions of this Act, the Board shall be responsible for the general superintendence, direction and control of the affairs of the University and shall have the power to frame or amend or modify or rescind the regulations governing the affairs of the University to achieve the objects of the University specified in section 4. (2) It shall exercise all powers of the University not otherwise provided for in this Act, the rules made hereunder, the Regulations or Ordinances and have the power to delegate such powers to the Executive Committee of the Board of Governors for more efficient management of the University. (3) Without prejudice to the provisions of sub-section (1), the Board of Governors shall also have the following powers and functions, namely:- (i) To take decisions on questions of policy relating to the administration and working of the University, and review the achievement of policy objectives; (ii) To enter into, vary and cancel contracts on behalf of the University; (iii) To consider and approve the annual budget estimates for the next financial year, the annual accounts and the annual reports of the University; (iv) To examine and approve the development plans for the University and to identify the sources of finance to implement such plans as are considered necessary; (v) To advise the Visitor, if so required, in respect of any function to be performed by him under this Act; (vi) To establish faculties or schools of studies, departments and centres, and initiate programmes and courses of study at the University; (vii) To frame, amend, or rescind the Regulations governing the affairs of the University, the fees to be charged for courses or programmes of study and examinations in the university, manner of establishment of departments, institution of scholarships, fellowships, exhibitions, medals and prizes, the qualifications for appointment to various posts, pension, insurance and provident fund for the benefit of employees etc.; (viii) To create academic, administrative, technical and other posts and appoint persons to such posts in the University and define the duties and conditions of service for such posts and set salary scales for academic and non- academic staff as per Government norms; (ix) To invest moneys and funds of the University and raise funds for the University; (x) To delegate certain of its functions to the Executive Committee, the Director, the Registrar or to any other authority or officers of the University; (xi) To grant degrees, diplomas and other academic distinctions or titles and to institute and award fellowships, scholarships, prizes and medals; (xii) to confer honorary degrees in such manner as may be specified by the Regulations; (xiii) To grant honorary awards and other distinctions; and (xiv) To exercise such other powers and perform such other duties as may be conferred or imposed upon it by this Act or the rules made hereunder or the Regulations or Ordinances. (4) Subject to the provisions of this Act, the Board may, by Regulations, delegate such powers and functions of the Board to the Director as it may deem fit. (5) The Board shall conduct an annual review of the performance of the Director, in the context of the achievements of objects of the University: Provided that, such review shall include performance reviews of faculty members of the University on such parameters, periodicity and terms of reference as may be determined by the Board. (6) The Board shall, through an independent agency or group of experts, within a period of three years from the date of incorporation of the University, and thereafter atleast once in every three years, evaluate and review the performance of the University, including its faculty, on the parameters of long-term strategy and rolling plans of the University and such other parameters as the Board may decide and the report of such review shall be placed in the public domain. (7) The qualifications, experience and the manner of selection of the independent agency or group of experts, referred to in sub-section (6), shall be such as may be specified by Regulations. (8) The report of the evaluation and review under sub-section (6) shall be submitted by the Board to the State Government along with an action taken report thereon. (9) Where in the opinion of the Chairperson or the Director the situation is so emergent that an immediate decision needs to be taken in the interest of the University, the Chairperson, in consultation with the Director, may issue such orders as may be necessary, recording the grounds for his opinion: Provided that, such orders shall be submitted for ratification by the Board in the next meeting. (10) The Board may constitute such committees and other authorities of the University and specify the duties and functions of each such committees and authorities by Regulations.