Amendment status not verified — confirm the current text below against the official source.
(1) Subject to the provisions of this Act and the rules made thereunder, the Executive Council shall have the following duties and functions, namely:- (i) to determine the form, provide for the custody and regulate the use of the Common Seal of the Board; (ii) to transfer and accept transfer, hold, control, administer and deal with any property, movable or immovable and funds of the Board, and to enter into contract on behalf of the Board provided that no transfer of movable or immovable property shall be made without the previous sanction of the Board; (iii) to apply for and receive grants; (iv) to manage and regulate the finances, accounts and investments of the Board; 403 (v) to invest, subject to the provisions of this order any money belonging to the Board, including any unapplied income, in any of the securities as may be prescribed or in the purchase of immovable property within India, or to place in fixed or call deposits in any Scheduled Bank, any portion of such money not required for immediate expenditure; (vi) to charge and collect such fees as may be prescribed by the rules and regulations framed hereunder; (vii) to accept, receive, hold, control, administer and deal with any funds, donations, endowments and other transfers of any property or interest therein or right thereto placed at the disposal of the Board for specific purpose; (viii) to consider the annual, revised or supplementary budget estimates and the annual accounts of income and expenditure of the Board and the recommendation of the Finance Committee of the Board thereon and to submit them to the Board; (ix) to recommend the number of Under Secretaries and Assistant Secretaries to be appointed by the Government among the officers of the Board; (x) to fix and determine the rates of traveling and other allowances to the members of the Board and its committees; (xi) to sanction – (a) the number of posts of officers and servants to be appointed by the Board under section 11 and to suspend, hold in abeyance or abolish any such posts; (b) the payment of special pay and other allowances at such rates and subject to such conditions as it may deem fit in respect of :- (1) specialised nature of duties or additional duties performed by the employees of the Board; (2) duties performed on Sundays and holidays by the employees of the Board; (3) duties performed by the employees of the Board beyond normal hours; (4) any remunerative jobs done by the employees of the Board outside their office hours; (xii) subject to the budget provisions approved by the Board under section 38 to sanction purchase or hire of stores, paper, forms, stationery, furniture or other equipments required for the Board’s office, after calling for tender and to scrutinize them when received and to enter into contract: 404 Provided that it should not be necessary to call for any tender if the value of stores, papers, forms, stationery or other equipment required or the expenditure involved in the contract is less than 5,000 or such other amount as may be prescribed by the Board from time to time, or if the above articles are urgently required or the work in respect of which the contract is entered into needs to be urgently carried out or the Executive Council does not think it advisable to call for the tenders for reasons to be recorded by it; (xiii) to enter into, vary, carry out and cancel on behalf of the Board, a contract for the provisions of the buildings and supply of materials for proper discharge of duties assigned to it; (xiv) to write off irrecoverable sums due in respect of stores, priced publication, statement of marks and unserviceable articles of dead stock, if the amount of the dues in each case exceeds 100 but does not exceed 1,000; (xv) generally to advise the Chairman of the Board on any matter connected with the work of the Board which it deems fit or which the Chairman may refer to it; (xvi) to report to the Board upon any matter concerning which its view may be invited by the Board or in respect of which it considers that it should tender advice to the Board; (xvii) to make recommendations to the Board concerning framing or amending the rules and regulations of the Board after considering the recommendations, if any, from the committees of the Board; (xviii) to institute and make provisions for the grant of scholarships, awards, medals, prizes and other rewards and to prescribe conditions therefor; (xix) to accept, reject or refer back any proposal, recommendations or report from the Academic Council, the finance Committee, the Examination Committee, the Affiliation Committee or other committee of the Board; (xx) to recommend the Board, for approval, rates of travelling allowance and remuneration, etc. to the paper-setters, moderators, examiners, translators, invigilators and other personnel after taking into consideration the recommendations of the other committees of the Board; (xxi) to authorise such advance as it may from time to time consider necessary, to remain in the hands of the Secretary to meet legitimate petty expenditure; 405 (xxii) to direct inspection of secondary and higher secondary schools and other affiliated institutions in order to assess academic performances and needs, to issue instructions where necessary, for maintaining efficiency and ensuring adequate amenities for students; (xxiii) to recommend to the Government, the withholding of grant or taking of such other disciplinary measures in respect of secondary and higher secondary schools and institutions which do not comply with the instructions issued from time to time by the Board; (xxiv) to undertake printing and publication of books prepared and/or compiled by the Board and approved as text-books by the Board. (2) The quorum for the meeting of the Executive Council shall be one-half of the total number of the members of the Executive Council. (3) The Executive Council shall report to the Board all acceptance or transfer of property done by the Executive Council. The Academic Council