Amendment status not verified — confirm the current text below against the official source.
The Governing Body shall have the following functions and powers, namely (i) To execute the programme of work as approved by the General Council, in the context of the general guidelines laid down by the Board and to conduct the management of the affairs of the Board. (ii) To create and sanction posts in both the academic and administrative wings of the Board and to fill up the same by direct recruitment, promotion, transfer or deputation from the Government and the Universities. The scales of pay and allowances of staff should by and large correspond to those in the Universities in Punjab ; for experts and technical persons, special grades of 'pay may be sanctioned with the approval of the Finance Department. In each case, adequate job description, qualifications and experience required for each post should be clearly stated. (iii) To acquire and hold property ; provided that prior approval of the Government is obtained for the acquisition of immovable property. (iv) To deal with any property belonging to or vested in the Board for the furtherance of the objects of the Board; provided that prior approval of the Government is obtained for the disposal of immovable property. (v) To maintain a fund to which shall be credited :— (a) All moneys provided by the Central and the State Governments. (b) All moneys received by the Board by way of grants, gifts, donations, benefactions, bequests or transfers. (c) All moneys received by the Board in any other manner or from any other source. N.B. “The sale proceeds on account of the publications of the Board shall be kept in a separate account and shall be ploughed back in the form of a Revolving Fund. Similarly, the sale proceeds on account of such publications of the Universities, the Languages Department or any other body as are financed or underwritten by the Board, shall be kept in separate accounts and credited to the Revolving Fund of the Board. (vi) To meet the expenses of the Board including expenses 'incurred in the exercise of its powers and discharge of its functions. (vii) To prepare and maintain accounts and other relevant records and to prepare an annual statement of account including the balance sheet of the Board. (viii) To forward annually to the General Council and the State Government the accounts of the Board as certified by an Auditor appointed by the Board. (ix) To do all such things as may be necessary, incidental or conducive to the attainment of all or any of the objectives of the Board. (x) To perform such additional functions and to carry out such duties as may from time to time be assigned to it by the State Government. (xi) To enter into agreement for and on behalf of the Board for the furtherance of its, objectives. (xii) To appoint Committees, study groups for disposal of any business of the Board or for expert advice in any matter pertaining to its objectives. (xiii) To determine terms and conditions of service of the functionaries and employees of the Board. (xiv) To affiliate with the Board such other bodies as have objects similar to those of the Board. (xv) To deposit the moneys credited to the fund of the Board with such a Bank or to invest them in such a manner as be deemed proper. (xvi) To file suits and follow legal proceedings for safeguarding its rights, (xvii) To make provisions on any matter pertaining to the administration of the affairs of the Society for which no provision exists in the Articles. MEETING AND QUORUM OF GOVERNING BODY