Amendment status not verified — confirm the current text below against the official source.
Resignation or removal of members of any authority or body: (1) (2) (3) (4) Any member of any authority or body of the University may resign his office by letter addressed to the Registrar. The Senate may, on the recommendation of not less than two-thirds of the number of members of the Syndicate, remove the name of any person convicted by a court of law of any offence involving moral delinquency or punished by the University for malpractice connected with any University examination from the register of registered graduates or remove any such person from membership of any authority or body of the University and for the same reason may withdraw and degree or diploma conferred or granted by the University. The Senate may also remove any person from the membership of any authority or body of the University if he becomes of unsound mind or a deaf-mute or has applied to be adjudicated or has been adjudicated as insolvent. If an elected member or any authority or body of the University fails to attend three consecutive meetings of that authority or body, he shall cease to be a member of such authority or body and there-upon the Registrar shall intimate him that he has ceased to be such member. Provided that such authority or body may, if satisfied that there was sufficient cause for the failure of the member to attend the meetings, restore him to its membership. CHAPTER VII Finance 45 University Fund: (1) (2) (3) (4) All grants and loans received from the State Government, the Government of India, the University grants Commission and from any other source, all revenues of the University, all fees received, all incomes such as rent and profits derived from properties and funds vested in the University, all endowments and donations received from any source whatsoever, all other miscellaneous receipts of the University and all deposits, remittances and service funds received in connection with the affairs of the University shall form one consolidated fund styled “The Calicut University Fund” and shall be employed for the purposes and in the manner laid down in this Act and in the Statutes, Ordinances, rules, bye-laws and orders made thereunder. Provided that separate accounts may be maintained for specific purposes. All moneys in the Calicut University Fund shall be lodged in the Government Treasury or with the approval of the Government in the State Bank of India or its subsidiaries up to such limits as may be fixed by the Government. The University may invest such part of the moneys in the Calicut University Fund, as it may deem fit, in Government securities or securities guaranteed by the Government of India. The custody of the Calicut University Fund, the payment of moneys therein, the withdrawal of moneys therefrom and all other ancillary matters, shall be regulated by the Statutes, Ordinances, rules and bye-laws made in that behalf. 38 The Calicut University Act, 1975