(1) Subject to the provisions prescribed by or under this Act, the Board of Management may make Regulations consistent with this Act, Statutes and Ordinances, for,-
(a) institution of fellowship, travelling fellowship, scholarship, studentship, medals and prizes and for their award;
(b) collaborations with other universities, institutions and organizations for mutually beneficial academic programmes;
(c) preservation of record of the university;
(d) providing for all or any of the matters which, by or under this Act, Statutes or Ordinances, are to be or may be provided by Regulations;
(e) all non-academic matters for which provision is, in the opinion of the Board of Management, necessary for the purposes of this Act, Statutes or Ordinances.
(2) Subject to the provisions prescribed by or under this Act, the Academic Council may make Regulations relating to the academic matters, consistent with this Act, Statutes and Ordinances.
(3) The Deans of schools shall draft and place for approval of the Board of Management or the Academic Council, as the case may be, the Regulations, providing for the matters referred to in sub-sections (1) and (2) and for all or any of the matters which, by or under this Act, Statutes or Ordinances, are to be or may be provided by Regulations.