Subject to the provisions of this Act, the Statutes may provide for all or any of the following matters, namely:—
(a) the formation of departments of teaching;
(b) the institution of fellowships, scholarships, exhibitions, medals and prizes;
(c) the terms of office and the method of appointment of officers of the Institute;
(d) the qualifications of teachers of the Institute;
(e) the classification, method of appointment and the determination of the terms and conditions of service of teachers and other staff of the Institute;
(f) the constitution of pension, insurance and provident funds for the benefit of the officers, teachers and other staff of the Institute as per the provisions existing from time to time;
(g) the constitution, powers and duties of the authorities of the Institute;
(h) the establishment and maintenance of halls and hostels;
(i) the conditions of residence of students of the Institute and the levying of fees for residence in the halls and hostels and of other charges;
(j) the allowances to be paid to the Chairperson and members of the Board;
(k) the authentication of the orders and decisions of the Board;
(l) the meetings of the Board, the Senate, or any committee, the quorum at such meetings and the procedure to be followed in the conduct of their business; and
(m) any other matter as may be considered necessary for the efficient functioning of the Institute.