Amendment status not verified — confirm the current text below against the official source.
Subject to the provisions of this Act and the Statutes, the Board shall exercise and perform the following powers and functions, namely:- (i) to exercise the executive powers of the University including the general superintendence and control over its Department or Schools and to review policies and programmes of the University and suggest measures for its improvement and development; (ii) to constitute schools of the University with prior approval of the Government; (iii) to make Statutes and Regulations for consideration and approval of the Government; (iv) to hold control and administer the properties and funds of the University including investment of money in such stocks, funds, shares or securities as deemed fit; (v) to provide buildings, premises, furniture, and other requisites for carrying on the work of the University and to that end enter into, carry out and cancel contracts on behalf of the University; (vi) to specify the form and use of the common seal of the University; (vii) to establish, maintain and manage departments and institutions of research and other advanced centres of learning as it may, from time to time, deem necessary; (viii) to appoint teachers and officers and to prescribe their duties; (ix) to create teaching, administrative, ministerial and other necessary posts with the approval of the Government; (x) to suspend, discharge, dismiss or otherwise take disciplinary action against teachers, officers and employees of the University; (xi) to fix and regulate the fees payable by the students; (xii) to create research fellowships, honorary or otherwise; Powers and Functions of the Board. 20 (xiii) to create fellowships, scholarships, studentship, bursaries, medal and prizes; (xiv) to exercise supervision and control over the residence and discipline of students; (xv) to consider and pass the financial estimates, the annual accounts together with the audit report and the annual report of the University in accordance with the provision of the Statutes; (xvi) to have overall supervision over conduct of examinations and approval and publication of the results thereof; (xvii) to appoint members to the faculties and Board of Studies; (xviii) to delegate any of its powers to the Vice-Chancellor or any other authorities or officers as it may deem fit; (xix) to accept grants, endowments, bequests, donations and transfers of movable and immovable properties of the University on its behalf ; (xx) to negotiate with other Universities and Institutions of the country for the recognition of the examinations of the University; and (xxi) to exercise such other powers and perform such other functions as may be prescribed by the Statutes.