(i) the Vice-Chancellor who shall be ex-officio Chairman of the Committee;
(ii) the Dean of the Faculty concerned; and
28. Substituted by Act No.33 of 1996.
Co-ordination in research and extension work.
Constitution of a Selection Committee for appointment of officers and teachers of Faculty.
[Act No.24 of 1963] 23
(iii) three experts in the case of selection of Professors, two experts in the case of selection of Associate Professors and one expert in the case of selection of Assistant Professors, the experts being from outside the University, having special knowledge of the subject of the Department in the Faculty. The experts are to be nominated by the Board.]
(2) The teachers of a Faculty shall be appointed by the Board on the recommendation of the Selection Committee of that Faculty and their remuneration and other conditions of service shall be such as may be prescribed.
33. (1) The University shall constitute, for the benefit of its officers, teachers, clerical staff and other employees in such manner and subject to such conditions as may be prescribed, such pension, insurance and provident fund as it may deem fit.
(2) Where any such pension, insurance or provident fund has been so constituted by the University, the Government may declare that the provisions of the Provident Funds Act, 1925 shall apply to such fund as if it were a Government Provident Fund:
Provided that the University shall have power in consultation with the Finance Committee, to invest the Provident Fund amount in such manner as it may determine.
34. Any dispute arising out of a contract between the University and any officer or teacher of the University shall, on the request of the officer or teacher concerned or at the instance of the Board, be referred to a Tribunal of Arbitration consisting of one member nominated by the Board, one member nominated by the officer or teacher concerned and an umpire appointed by the Chancellor. The decision of the Tribunal shall be final.
Tribunal of Arbitration for disputes between the University and its staff.
Constitution of pension, insurance or provident fund.
24 [Act No.24 of 1963]
CHAPTER VII.
UNIVERSITY FUNDS, ETC.
35. (1) The income from fees realised by, any contribution and endowment received by, and all grants made to, the University, shall form one general fund to be called the “General Fund of the University” and all moneys so realised and received shall be credited to it.
(2) The University may have such other funds and shall maintain such accounts in respect of every fund as may be prescribed.
29[35-A. The University may accept moneys from the Government of India, the State Government, the University Grants Commission and also borrow money from a Bank or a Corporation, for the purposes of the University:
Provided that where the University intends to borrow money from a Bank or a Corporation or both exceeding on amount of fifty thousand rupees at a time or in the aggregate it shall obtain the prior written approval of the Government therefor.
35-B. The University shall not divert earmarked funds for other purposes or revise the scales of pay of its staff or implement any scheme which involves any matching contribution from the Government or which imposes a recurring liability on the Government, after the assistance from the sponsoring authority ceases without the prior written approval of the Government:
Provided that Finance Committee may authorize the creation and filling up of posts of teachers for a period not exceeding one year, but any such post shall not be continued or created afresh for any period beyond the said
29. Inserted by Act No.3 of 1977 (w.e.f. 21.12.1976.)
General and other funds.
Borrowing of money.
Certain restrictions in respect of financial matters.
[Act No.24 of 1963] 25 period of one year without the prior written approval of the Government.]