Amendment status not verified — confirm the current text below against the official source.
Where the State Government funds are involved, the University shall abide by the terms and conditions attached to the sanction of such funds which may inter-alia include prior permission of the State Government in respect of the following, namely:- (i) creation of new posts of teachers, officers or other employees; (ii) revision of the pay, allowances, age of superannuation, post-retirement benefits and other benefits to its teachers, officers and other employees; (iii) grant of any additional or special pay, allowance or other extra remuneration of any description whatsoever, including ex-gratia payment or other benefits having financial implications, to any of its teachers, officers or other employees; (iv) diversion of any · earmarked funds other than the • purpose for which it was received; (v) "transfer by sale, lease, mortgage or otherwise of immovable property; · (vi) incur expenditure on any development work from the funds received from the State· Government for any purposes other than for which the :funds are received; (vii)taking of any decision regarding. affiliated colleges resulting in increase of financial liability, direct or indirect, on the State Government. Control of the State· • Gove.r.nment ·- Assumption o( financial control-by the State ' Government as ernergency measure. Statutes. 28 - I ' j - ! Explanation - The above c?mditions shall also apply in respect of the posts created from any other fund, which may I _ · . I in long term cause: financial: implications to the State Government. I I '