Amendment status not verified — confirm the current text below against the official source.
Subject to other provisions of this Act, the Statutes or Rules made there under or any other relevant laws for the time being in force, the University shall have the following powers, namely:— (a) to establish Off-Campus Centres and study centres, as are in the opinion of the University, necessary for the furtherance of its objects in conformity with the provisions of the University Grants Commission (Establishment of and Maintenance of Standards in Private Universities) Regulations, 2003; (b) to design, develop and administer Professional Certification and Designation Programs in specialized fields including, but not limited to, Financial Analysis, leading to the Chartered Financial Analyst (CFA) Charter and Designation, Financial Planning leading to the Chartered Financial Planner (CFP) Charter and Designation, Wealth Management leading to the Certified Investment Advisor (CIA) Certificate and Designation, Public Accounting leading to the Certified Public Accountant (CPA) Certificate and Designation, Management Accounting Powers of the University. leading to Certified Management Accountant (CMA) Certificate and Designation, Treasury Management leading to Certified Treasury Management (CTM) Certificate and Designation, Investment Banking leading to Certified Investment Banker (CIB) Certificate and Designation, Bank Management leading to Certified Bank Manager (CBM) Certificate and Designation, Risk and Insurance leading to Certified Risk and Insurance Management (CRIM) Certificate and Designation, Project Management leading to certified Project Manager (CPM) Certificate and Designation, Information Systems Audit leading to Certified Investment Systems Audit (CISA) Certificate and Designation; (c) to establish and develop Professional Councils as envisaged in clause (e) of section 8; (d ) to carry out all such other activities as may be necessary or feasible in furtherance of the object of the University; (e) to confer degrees, diplomas, charters, certificates or other academic distinctions and professional designations as envisaged under section 8 in the manner and under conditions laid down in the Statutes; (f) to institute and award fellowships, scholarships and prizes etc., in accordance with the Statutes; (g) to demand and receive such fees, bills, invoices and collect charges as may be fixed by the Statutes or Rules, as the case may be; (h) to make provisions for extra curricular activities for students and employees; (i) to make appointments of the faculty, officers and employees of the University or Off-campus centre and study centres; (j) to receive donations and gifts of any kind and to acquire, hold, manage, maintain and dispose of any movable or immovable property, including trust and endowment properties for the purpose of the University or a Off-campus centre or a Study Centre; (k) to institute and maintain halls and to recognize places of residence for students of the University or Off-campus centre; (l) to supervise and control the residence, and to regulate the discipline among the students and all categories of employees and to lay down the conditions of service of such employees, including their Code of Conduct; (m) to create academic, administrative and support staff and other necessary posts; (n) to co-operate and collaborate with other Universities and Institutions in such a manner and for such purposes as the University may determine from time to time; (o) to offer programs on distance learning basis and continuing education and the manner in which such programs are offered by the University; (p) to organize and conduct refresher courses, orientation courses, workshops, seminars and other programs for teachers, developers of course ware, evaluators and other academic staff; (q) to determine standards of admission to the University and Off- campus centre with the approval of Academic Council; (r) to make special provision for students belonging to the State of Orissa for admission in any course of the University or Off- campus centre; (s) to do all such other acts or things whether incidental to the powers aforesaid or not, as may be necessary to further the objects of the University; (t) to prescribe such courses for Bachelor Degree, Master Degree, Doctor of Philosophy, Doctor of Science Degrees and Research and such other Degrees, Diplomas, Charters, Certificates etc.; (u) to provide for the preparation of instructional materials, including films, cassettes, tapes, video cassettes, Compact Disk, Visual Compact Disk and other software; (v) to recognize examinations or periods of study (whether in full or in part) of other Universities, institutions or other places of Higher learning as equivalent to examinations or periods of study in the University and to withdraw such recognition at any time; (w) to raise, collect, subscribe and borrow with the approval of the Board of Governors whether on the security of the property of the University, money for the purposes of the University; (x) to enter into, carry out, vary or cancel contracts; (y) to do all things necessary or expedient to exercise the above powers .