(a) the first Vice-Chancellor and Pro-Vice–Chancellor, if any shall be appointed by the Chancellor and the said officer shall hold office for a term of three years;
(b) the first Registrar and the first Finance Officer shall be appointed by the Chancellor who shall hold office for a term of three years;
(c) the first Board of Governors shall hold office for a term not exceeding three years;
(d) the first Board of Management, the first Finance Committee and the first Academic Council shall be constituted by the Visitor for a term of three years.
Permanent Endowment Fund
42. {The University shall establish a permanent endowment fund of Rs. five Crore in the form of a Bank Guarantee of a Nationalized Bank pledged in the name of State Government of Uttrakhand whose tenure shall be five years and after that shall be renewed for five years again.} 1 ------------------------------------------------------------------------------------ 1- Subs. by section 3 of UK Act no 36 of 2016.
General Fund 43. (1) The University shall establish a general fund to which the following amount shall be credited; namely :-
(a) all fees which may be charged by the University;
(b) all sums received from any other source;
(c) all contributions made by the Graphic Era Educational Society, Dehradun;
(d) all contributions / donations made in this behalf by any other person or body, which are not prohibited by any law for the time being in force.
(2) The funds credited to the general fund shall be applied to meet all the recurring expenditure of the University.
Development fund