The sponsoring body shall have the following powers with reference to the University, each of which may be exercised by the Sponsoring Body at its discretion, namely:-
(i) to appoint or re-appoint or terminate the appointment of the Chancellor;
(ii) to constitute the first Board of Governors of the University;
(iii) to nominate the chairperson of the Board of Governors;
(iv) to nominate three persons as members of the Board of Governors;
(v) to nominate two persons as members of the Board of Management;
(vi) to determine the source of funds to be contributed to the University Endowment Fund;
(vii) to determine the application and spending of moneys by the University;
(viii) to resolve a Conflict at the meeting of the Board of Governors in the manner provided for in this Ordinance.
CHAPTER – III OFFICERS OF THE UNIVERSITY