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Authorities of the University.-- The authorities of the University shall be the Senate, the Syn- dicate, the Faculties, the Finance Committee, the Planning Board, the Boards of Studies and such other authorities as may be declared by the statutes to.be authorities of the Uni- versity. 25 16.A. The Planning Board.-- (1) There shall be constituted a Planning Board of the University; which shall advise generally on the Planning and development of the University and keep under review the standard of education and research in the University. (2) The Planning Board shall consist of the following members namely:- (i) the Vice-Chancellor, who shall be the Chairman of the Board; and (ii) not more than eight persons of high academic standing. (3) The members of the Planning Board shall be appointed by the Chancellor and shall hold office for such period as he may determine. (4) The Planning Board shall, in addition to all other powers vested in it by this Act, have the right to advise he Syndicate on any academic matter.