Amendment status not verified — confirm the current text below against the official source.
(1) If in accordance with the provisions of any law, the University of Calcutta ceases from any year to hold the Matriculation Examination, the State Government shall with effect from the year following such year pay to the said University an annual grant determined by the Tribunal referred to in sub-section (2), to meet the financial loss incurred by the said University on account of its ceasing to hold the Matriculation Examination. (2) The Tribunal referred to in sub-section (1) shall consist of the following members— (a) the Accountant-General, West Bengal, who shall be the Chairman of the Tribunal; (b) a member appointed by the State Government; and (c) a member appointed by the said University. (s) In determining the amount of the annual grant referred to in sub-section (1), the Tribunal shall take into account the following items of receipts and expenditure for the three years ending on 30th June, 1948, 1949 and 1950 respectively, namely :— (a) the total receipts realised from fees paid by candi- dates for the Matriculation Examination, ordinary or supplementary; (b) the total receipts realised from the sale of text-books for the Matriculation Examination, ordinary or supplementary, printed or published by the said University; (c) the total expenditure incurred in holding the Matri- culation Examination, ordinary or supplementary, including the expenditure incurred on account of remuneration paid to Paper-setters, Moderators, Tabulators, Examiners and other persons connect- ed with the holding of such examinations and any other charges including overhead charges attribut- able to the holding of such examination; (d) the total expenditure incurred by the said University in connection with the printing or publication of text-books for the Matriculation Examination including the expenditure incurred in the purchase of paper and other materials and any other over- head charges attributable to such printing or publication; and The West Bengal Secondary Education Act, 1950. 27 XXXVII of 1950.] (Chapter VI.—Finance and Audit.—Sections 44, 45.) (e) any other receipts of which the said University is deprived as a result of its ceasing to hold the Matriculation Examination deducting therefrom the expenditure incurred in realising such receipts. (4) Subject to the provisions of this Act, the Tribunal shall have the power to regulate its own procedure. (5) In case of any difference of opinion among the members of the Tribunal, the opinion of the majority shall prevail. (6) The amount of annual grant once determined by the Tribunal shall not be altered on any ground whatsoever. (7) The decision of the Tribunal determining the amount of the annual grant shall be final and conclusive and no court shall have any authority or jurisdiction of any kind whatsoever in respect of such decision or in respect of any proceedings before the Tribunal.