74.(1) Every authority of an existing University shall, as soon as may be after the commencement of this Act, be constituted in accordance with the provisions of this Act and every person holding office as member of such authority immediately before the commencement of this Act shall, on the date of such commencement, cease to be such member.
(2) Until any authority of the University is constituted under sub-section (1), the State Government may, by order direct from time to time by whom and in what manner the powers, duties and functions exercisable or dischargeable under this Act by any authority of University shall be exercised or discharged.
(3) Notwithstanding anything contained in section 11, the first Vice Chancellor shall be appointed by the State Government as soon as practicable after the enactment of this Act, for a period of not exceeding three year on such terms and conditions as the State Government thinks fit.
(4) Notwithstanding anything contained in this Act, the first Vice-Chancellor shall be assisted by the Advisory Committee consisting of not more than ten members having experience in the field of Higher Education, Academics (Art, Music and Culture), Administration, Constructions, Computer, Legal (a person retired from the post of District Judge) and Finance and other relevant fields required for the smooth functioning of the University, to be nominated by the Chancellor in consultation with State Government.
(5) It shall be the duty of first Vice-Chancellor:-
(a) to make arrangements for the constitution of other authorities of the University within six months after the date of his appointment;
(b) with previous approval of the Chancellor, to make additional Statutes, Ordinance or Regulations to provide for any matter not provided for by the first Statutes, Ordinance or Regulations.
(c) to constitute provisional authorities and bodies and on their recommendations to make rules providing for conducting the work of the University;
(d) with prior approval and control of the State Government to make such financial arrangements as may be necessary for better implementation of this Act or any part thereof to be brought in force;
(e) to appoint any committees as he may think fit to discharge such of his functions as he may direct; and
(f) generally to exercise all or any of the powers conferred on the Executive Council by or under the provisions of this Act.
(6) The tenure of the Advisory Committee, duties and powers the first Vice-Chancellor as provided in sub-section (4) and (5) of this section shall be co-terminus to his tenure as provided in sub-section (3) of this section.