Section 41: Notwithstanding anything contained in any other provisions of this Act and the Statutes
The swami ram Himalyan actState Act of Uttarakhand · Act 12 of 2013
(a) the first Vice-Chancellor and first 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 and said officers 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 first Academic Council shall be constituted by the Chancellor for a term of three years.
Permanent Endowment Fund
42. The University shall establish a permanent endowment fund of ` 5 crore (` Five crore) in the form of a Bank Guarantee of a Nationalized Bank pledged in the name of State Government of Uttarakhand for the period of 5 years which shall be further renewed for a term of five years.