Page 92 - Compendium of UGC Regulations 1957-2023

Regulations on Establishment, Maintenance and Recognition of Institutions:

xxv) To maintain proper accounts and other relevant records and prepare Annual
Statements of Accounts, including the balance sheet for every previous financial
year, in such form as may be prescribed by the Regulations / Bye-Laws;
xxvi) To manage, regulate and administer the revenue the finance. accounts, investments.
properties, business and all other administrative affairs of the institution deemed to
be university and for that purpose to appoint such agent or agents as it may dem fit;

xxvii) To provide building or buildings, premises. furniture, fittings, equipment
appliances and other facilities required for carrying on the work of the institution
deemed to be university,
xxviii) To establish, maintain and manage residencies for faculty and staff and hostels
for the students of the institution deemed to be university:

xxix) To recognize and maintain control and supervision on hostel owned and managed
by other agencies for the students of the in institution deemed to be university, and
to rescind such recognition;
xxx) To appoint such committees for such purpose and with such powers as the Board
of Management may think fit and to co-opt such persons on these Committees as
it thinks fit;
xxxi) To appoint in order to execute an instrument or transact any business of the
institution deemed to be university, any reason as attorney of the institution
deemed to be university with such powers as it may deem fit;
xxxii) To appoint Auditors) or the ensuing year;
xxxiii) To select an emblem and to have a common seal for the institution deemed to be
university and to provide for the custody and use of such seal;
xxxiv) To delegate all or any of its powers to any Committee or sub- Committee
constituted by it or the Vice-Chancellor of the institution deemed to be university
or any other person;
xxxv) To conduct all administrative affairs of the institution deemed to be university not
otherwise specifically provided for;
xxxvi) To take all necessary decisions for the smooth and efficient functioning of the
institution deemed to be university.
4.5 Meetings of the Board of Management:

(i) The Board of Management shall meet at least four times a year. Not less than 15
days’ notice shall be given of a meeting of the Board of Management. Eight (8)
members shall make the quorum for a Board of Management meeting.
(ii) Every meeting of the Board of Management shall be presided over by its
Chairman and in his/her absence, by a member chosen by the members present,
from amongst themselves.
(iii) Each member of the Board of Management, including its Chairman, shall have
one vote and decisions at the meetings of the Board shall be taken by simple
majority. In case of a tie, the Chairman shall have a casting vote.
(iv) Any business which it may be necessary for the Beard of Management to perform
may be carried out by circulating appropriate resolution thereon among its
members and any resolution so circulated and approved by a simple majority
shall be as effective and binding as if such resolution had been passed at the
meeting of the Board.

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University Grants Commission