The duties and functions of the Board shall be as follows:-
(a) to approve and sanction the budget of the University;
(b) to acquire, to dispose of, to hold and to control the property and funds of the University and issue any general or special direction on behalf of the University;
(c) to accept the transfer of any movable or immovable property on behalf of the University;
(d) to administer any funds placed at the disposal of the University for the specific purposes;
(e) to invest money belonging to the University;
(f) to appoint the members of the academic, administrative and other staff of the University in such manner as may be prescribed;
(g) to direct the form and use of the Common Seal of the University;
(h) to appoint such committees, either standing or temporary, as it deems necessary for its proper functioning;
(i) to borrow money for capital improvements and make suitable arrangements for its repayment;
(j) to meet at such times and as often as it deems necessary, provided however, that the regular meeting of the Board shall be held at least once in every three months;
(k) to make Statutes, Ordinances and Regulations in the manner prescribed in this Act for smooth functioning of the University;
and
(l) to regulate and determine all matters concerning the University in accordance with this Act and the Statutes and to exercise such Hkkx 4 ¼d½ jktLFkku jkt&i=] vDVwcj 17] 2012 39(59) 59 powers and to discharge such duties as may be conferred or imposed on it by this Act and the Statutes.