(1) The University may institute a Post-Graduate Diploma Course in Applied Translation (English-Hindi/Hindi-Oriya/Oriya-Hindi) and Creative Writing (Oriya/Hindi/English) in the Distance Education pattern as per the regulations to be formulated by Academic Council and operate it through literary institutions/ organisations within or outside Orissa, specially affiliated to the University for the said purpose.
(2) In order to be eligible for such special affiliation, the institution/ organisation must fulfil the following conditions, namely:"
(a) It should have been registered as a society or a trust,
(b) It should have been operative for a period of not less than three years,
(c) Its balance-sheet certified by a Chartered- Accountant should indicates standing balance of at least, rupees one lakh,
(d) It should have engaged one whole-time or part-time basis, an eminent literature or creative writer or translator or academic scholar as Director or Principal, and
(e) It should be having a library with a reasonable number of books in stock.
27. The University shall undertake schemes, programmes and projects for Promotion of excellence in creativity research! and documentation in respect of Performing various aspects relating to visual arts and performing arts.
CHAPTER VI Finance and Accounts
28.(1) The University shall establish a fund to be called the University Fund.
(2) The following shall form part of, or be paid into, the University fund, namely:
(a) any contribution or grant by the Government, Central Government University Grants Commission, Industrial Undertakings, Corporation' Companies, Associations, other bodies or local authorities;
Diploma in Applied Translation and creative writing Promotion of Excellence in Visual and Performing Arts.
University Fund 17
(b) any income of the University from all sources including income from fees and charges and sale proceeds;
(c) bequests, donations, endowments and other grants, if any, received by the University; and
(d) miscellaneous receipts,
(3) With the prior approval of the Government, the University may from time to time, establish such other funds in such name and for such specific purposes as may be decided by the Board.
(4) The fund shall be kept in a nationalised or Scheduled Bank or invested in such securities as may be decided by the Board.
(5) The funds and all monies of the University shall be managed in such manner as may be prescribed by the Statutes.