10. Powers and Functions of the Board of Management
The Board of Management shall exercise the following powers and shall perform the following duties, namely:- (i) Frame, amend and repeal the Statute/Regulations in the manner prescribed under this Act; (ii) Review and consider the financial requirements and estimates for the University and approve its budget; (iii) Approve the recommendation for appointment of officers, teachers and other staff of the University; (iv) to accept or transfer any property on behalf of the University; (v) to administer funds placed at the disposal of the University for the purpose intended; (vi) to arrange for the investment and withdrawal of the funds of the University; (vii) to accept on behalf of the University trusts, bequests and donations; (viii) to consider and approve the recommendations of the Academic Council where required; (ix) to direct the form and use of the common seal of the University; (x) to appoint such committees and bodies as it may deem necessary and set down the terms of reference thereof in accordance with the provisions of this Act and the Statutes; (xi) to consider and approve establishment, amalgamation and abolition of Colleges, Department, Centre or Research Station/sub-station on the recommendation of Academic Council, New college/faculty shall be established only after prior approval of the State Government. (xii) to create teaching, research and extension education posts with the prior approval of the State Government.