Bare ActsThe Institute of Chartered Financial Analyst of India University Act, 2005 (Act No. 12 of 2005)

Section 20

The Board of Governors and its powers

Amendment status not verified — confirm the current text below against the official source.

(1) The Board of Governors shall consist of the following (a) The Chancellor (b) The Vice-Chancellor (c) Three persons nominated by the Sponsor; (d) One representative of the State Government; (e) An educationist of repute to be nominated by the State Government; (f) One person of repute from the State to be nominated by the sponsor; (2) The Chancellor shall be the Chairman of the Board of Governor. (3) The Registrar shall be an-officio Secretary of the Board of Governors. (4) The Board of Governors shall be supreme authority and principal governing body of the University and shall have the following powers, namely: (a) To appoint the Statutory Auditors of the University; (b) To lay down policies to be persued by the University; (c) To review decisions of the other authorised of the University if they are not in conformity with the provisions of this Act, or the Statutes or the Rules; (d) To approve the budget and annual report of the University; (e) To make new or additional Statutes and Rules or amend or repeal the earlier Statutes and Rules; (f) To take decision about voluntary winding up of the University; (g) To approve proposals for submission to the State Government; and (h) To take such decisions and steps as are found desirable for effectively carrying out the objects of the University; (5) The Board of Governors shall meet at least twice in a calendar year at such time and place as the Chancellor thinks fit;

Section 20 – The Institute of Chartered Financial Analyst of India University Act, 2005 (Act No. 12 of 2005) | DailyLaw.ai