Amendment status not verified — confirm the current text below against the official source.
'7 (i) The Principal and the Vice-Principal of the school shall appointed by the Board. be Appointment of Principal etc. (ii) All matters regarding the service of the Principal including any discipl inary proceeding; against him and his dismissal, discharge, extension of service etc., shall be considered and decided by the Board. (d), To frame service rules governing the Principal and staff of the school: Service rules. Provided that when such rules are Framed for the first time they shall be placed before the first Annual Meeting of the Board taking place after that, and any amendments in those rules :111de in any year shall be recorded in the Annual Report submitted to the immediately follOWing Annual Meeting. To sanction or refuse to sanction any leave (with or without pay) of more than three months or any extension of such leave beyond three months. To sanction or refuse to sanction any study leave ( with or without pay). To prescribe scales of salary and allowances as may be necessary from time to time. To sanction new posts or abolish existing posts or upgrade existing posts. To sanction expenditure on major repairs and purchase of furniture and equipment beyond the powers delegated by the Executive Committee to the Principal. To negoti ate and carry through all transactions relating to property on behalf of the Board. ' To approach and negotiate with Government or any local authority or any individual or body, whether incorporated or not, for grants, sub- ventions, donations and gifts and loans on behalf of the Board. To sanction openlng of bank accounts by the Principal/Secretary and prescribe procedure for operation of such bank accounts. To consider the yearly budgets, supplementary budgets and revised estimates submitted by the Principal and pass such budgets and estimates. To define the powers and functions of the Principal, delegate to him any of the powers vested in it under this Act and regulations made thereunder and to amend those from time to time. CHAPTER VII Powers, Functions and Duties of the Principal. (I) The Principal shall be the ex-officio Secretary both of the Board and the Powers, Functions Executive Committee. and Duties of the Principal. (2) It shall be the duty of the Principal, in his capacity as Secretary, to convene meetings of the Board and the Executive Committee, to record their proceedings, clrculatc the minutes and keep records of the Board and Executive Committee. (i) He shall be in overall charge of the School, exercising imme- diate control and supervision of all staff, and all powers not specifically reserved for the Executive Committee or the Board elsewhere in this Act shall be exercised by him on behalf of the Executive Committee and the Board. (ii) In particular, he sha]] be, subject to the powers ilnd functions delegated to him by the Executive Committee, responsible for the planning and execution of the academic and co-curricular activities of the school and discipline among staff and students. (+) The Principal shall have power to incur expenditure llpto such extent as may be determined by the Executive Committee from time to time. Removal of dijJicul- ti:s. Power of Board to n.ake regulations, Procedure regarding