(a)
(b)
(c) to make regulations and to amend or repeal the same ;
to advise the Board of Management on the promotion of research in the University ; and to suggest measures for review and innovations in academic and research programmes.
PUNJAB GOVT GAZ. (EXTRA.), MARCH 12,2010 39 (PHGN. 21, 1931 SAKA)
(2) The Academic Council shall ordinarily meet twice in a year. The Academic Council may, however, meet > on such other occasions, as may be decided by the Vice-Chancellor. J | (3) One-third of the total strength of the members of the Academic Council shall form the quorum, required for a meeting
(4) The Vice-Chancellor shall preside over the meetings of the Academic Council. If the Vice-Chancellor cannot be present at a meeting of the Academic Council due to any reason, the senior-most Dean shall preside over the meeting.
28. The constitution, powers and functions of the Planning Board shall be such, as may be prescribed.
29. The constitution, powers and functions of the Finance Committee shail be such, as may be prescribed.
30. The Faculties of the University, their constitution, functions and powers shall be such, as may be prescribed.
31. There shall be the Boards of studies attached to each Faculty of the University. The constitution and powers of the Boards of Studies shall be such, as may be laid down by the statutes.
CHAPTER-V FINANCE AND ACCOUNTS
32. The University shall have a general fund, to which shall b e credited,—
(a) itsincome from fees. endowments and grants and any other income accruing to the University ;
(b) contributions or grants from the Government on such ~ conditions, as may be imposed by the Gover nment ;
(¢c) grant fromthe C entral Government, the University Grants Commission, International Donor Agen cies like the World Health Organization and United Na tions International Children’s Emergency Fund : a nd
(d) special fee and donations from Non-Resident Indians and students from other count ries.
33. The University may have such other funds also, as may be prescribed.
34. The University may, for any of the purposes, as may be prescribed, borrow money from a Bank or a Corporation or any other source.
Ifthe total borrowed amount exceeds twent y- five lac rupees, the prior approval of the Government shall be obtained for such borrowing.
The Planning Board.
The Finance Committee The Faculties.
The Boards of studies.
General tund.
Other funds.
Power to borrow.
Management of funds Power of sovernment to direct audit.
I'inancial estimates Annual a: counts and audit.
Annual report.
Statutes.
40 PUNJAB GOVT GAZ. (EXTRA.), MARCH 12, 2010 (PHGN. 21, 1931 SAKA)
35. All funds of the University shall be managed in such manner, as may be prescribed.
36. The Government shall have power to order special audit of the accounts of the University by such Auditors, as it may direci.
37. (1) The Vice-Chancellor shall cause to be prepared on or before such date, as may be prescribed, financial estimates of the University for the ensuing year and submit the same to the Board of Management for approval.
(2) The Board of Management may approve the financial estimates with such modifications, as it deems fit, and no expenditure shall be incurred, except in accordance with the financial! estimates, as approved by the Board of Management.
38. The accounts of the income and expenditure of the University shall be submitted once in every year to the Government for examination and andit, as the Government may direct.
39. The annual report of the University shall be prepared under the direction of the Board of Management and shall be submitted to the Senate on or before suc date, as may be prescribed, and shall be considered by the Senate at its annua! meeting.
CHAPTER-VI1 STATUTES, ORDINANCES AND REGULATIONS