(a) The first vice-Chancellor, 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 Chancellor for a term of three years.
Permanent Endowment fund
45. The University shall establish a permanent endowment fund of Rs. Five Crores in the form of a Bank Guarantee of a Nationalized Bank pledged in the name of State Government of Uttarakhand whose tenure shall be five years and after that shall be renewed for five years again and the said Bank Guarantee shall be increased by 25 percent after every five years.
General fund 46. (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 amount received from any other source;
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(c) All contributions made by the Sponsor Trust;
(d) All contribution/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