(1) There shall be constituted a selection committee in regard to the appointment of Core Faculty, which shall consist of the following namely,
(i) The Vice-Chancellor, three (03) experts from outside the University to be nominated by the Vice- Chancellor from out of panel prepared every year by the Constitution of Selection Committee.
Satellite Campuses.
The Faculties.
[Act No.13 of 2024] 33 Academic Council and approved by the Executive Council of whom at least two (02) shall be present in the Selection Committee;
(ii) Dean of the School concerned:
Provided than no person shall participate in the meetings of the selection committee for any appointment if he/she or his/her relative is candidate for the appointment:
Provided further that no faculty holding a post lower in rank than the one to which appointment is to be made, shall be a member of the Selection Committee.
(2) The Registrar shall be the Member Secretary of the Selection Committee.
(3) Provision shall be made in the Statutes in respect of such matters as may be considered necessary and not provided for in sub-sections (1) and (2) in order to ensure fair selections.
CHAPTER - VI UNIVERSITY FUNDS
37. The University shall have a general fund to which shall be credited:
(i) its income including the fees and endowments;
(ii) contribution or grants which may be made by the Government on such conditions as they may impose; and
(iii) other contributions or grants.
38. The University and its Schools can generate income from any other commercial activity utilizing its infrastructure, resources and eco-system, as the Board of Governors may General Fund.
Other Sources of Income.
34 [Act No.13 of 2024] determine as appropriate, for self-sufficiency, sustainability and future development of the University.
39. The University shall have such other funds and maintain such accounts as the Executive Council may determine on the recommendation of the Finance Committee. Where the operation of schools is in a revenue sharing mode or any other PPP mode, the account shall be maintained in accordance with the established practices of the particular mode of implementation.