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(b) hold control and administer the property and funds of the University;
(c) govern and regulate, with due regard to the advice of the Finance and
Planning Committee in this behalf, the finances, accounts and
investments of the University and for that purpose to appoint such
agents as it may think fit;
(d) consider and pass the annual report, the annual statement of
accounts, the annual and revised budget estimates and to re-
appropriate funds from one major head of expenditure to another;
(e) transfer and accept transfer of movable or immovable property on
behalf of the University;
(f) enter into, vary, carry out and cancel contracts on behalf of the
University;
(g) cause proper books of account to be kept for all sums of money
received and expended by the University and for the assets and
liabilities of the University;
(h) invest any money belonging to the University including any
unapplied income in any of the securities described in section 20 of
the Trusts Act, 1882 or in the purchase of immoveable property or
in such other manner, as it may determine, with the like power of
varying such investments;
(i) receive and manage any property transferred and grants, bequests,
trusts, gifts, donations, endowments and other contributions made
to the University;
(j) administer any funds placed at the disposal of the University for
specified purposes;
(k) determine the form, provide for the custody and regulate the use of
the Common Seal of the University;
(l) provide the buildings, libraries, premises, furniture, apparatus,
equipment and other means required for carrying out the work of
the University;
(m) establish and maintain halls of residence and hostels or approve or
license hostels or lodgings for the residence of students;
(n) affiliate and disaffiliate colleges;
(o) admit educational institutions to the privileges of the University and
withdraw such privileges;
(p) arrange for the inspections of colleges and the Teaching
Departments;
(q) institute Professorship, Associate Professorship, Assistant
Professorship, Lectureship and other teaching posts or to suspend
or to abolish such posts;
(r) create, suspend or abolish such administrative, research, extension
or other post, as may be necessary;