Amendment status not verified — confirm the current text below against the official source.
Where the State Government funds are involved, the University shall abide by the terms and conditions attached to the sanction of such funds which may inter alia include prior permission of the State Government in respect of the following, namely;- (i) creating of the new posts of teachers, officers or other employees; (ii) revision of the pay, allowances, post- retirement benefits and other benefits to its teachers, officers and other employees; (iii) grant of any additional or special pay, allowance or other extra remuneration of any description whatsoever, including ex-gratia payment or other benefits having financial implications, to any of its teachers, officers or other employees; (iv) diversion of any earmarked funds other than the purpose for which it was received; (v) transfer by sale, lease, mortgage or otherwise of immovable property; (vi) incur expenditure on any development work form the funds received form the State Government for any purposes other than for which the funds are received; (vii) taking for any decision regarding affiliated colleges resulting in increase of financial liability, direct or indirect, on the State Government. Explanation- The above conditions shall also apply in respect of the posts created from any other fund, which may in long term likely to cause financial implications to the State Government.