Section 14. The Academic Advisory Committee

14. The Academic Advisory Committee. ―(1) There shall be constituted an Academic Advisory Committee of the University which shall advise generally on the planning and development of the University and keep under review the standard of education and research in the University. (2) The Committee shall consist of― (a) not more than seven persons of high academic standing who shall be appointed in such manner as may be prescribed by the statutes, and (b) the Vice-Chancellor. (3) The Visitor may determine a date with effect from which the Academic Advisory Committee shall stand dissolved. 14. Powers of the Executive Council. —Subject to the provisions of the Act, these Statutes and the Ordinances, the Executive Council shall, in addition to any other powers vested in it, have the following powers, namely— (i) to appoint such Professors, Readers, Lecturers, and other members of the teaching staff as may be necessary, on the recommendations of the Selection Committees constituted for the purpose, and to provide for filling temporary vacancies therein; (ii) to fix the emoluments and define the duties and conditions of service of Professors, Readers, Lecturers and other members of the teaching staff: Provided that no action shall be taken by the Executive Council in respect of the number, the qualifications and the emoluments of teachers otherwise than after consideration of the recommendations of the Academic Council; (iii) to create administrative, ministerial and other necessary posts and to make appointments thereto; (iv) to regulate and enforce discipline among the members of the teaching, administrative and ministerial staff of the University in accordance with these Statutes and the Ordinances; (v) to manage and regulate the finances, accounts, investments, property, business and all other administrative affairs of the University and, for that purpose, to appoint such agents as it may think fit; (vi) to invest any money belonging to the University, including and unapplied income, in such stocks, funds, shares or securities, as it shall, from time to time, think fit or in the purchase of immovable property in India, with the like powers of varying such investments, from time to time; (vii) (a) to accept on behalf of the University any trust, bequest, donation or transfer of any immovable property to the University; and (b) to transfer any movable or immovable property on behalf of the University; (viii) to provide the buildings, premises, furniture, apparatus and other means needed for carrying on the work of the University; (ix) to enter into, vary, carry out and cancel contracts on behalf of the University; (x) to entertain, adjudicate upon, and if it thinks fit, to redress, any grievances of the salaried officers, the teaching staff and other employees of the University who may for any reasons feel aggrieved: Provided that, in matters of discipline and punishment where the final power has been vested in the Vice-Chancellor or any other officer of the University, no appeal shall lie to the Executive Council; (xi) to appoint examiners and moderators and if necessary, to remove them, and to fix their fees, emoluments and travelling and other allowances after consulting the Academic Council; (xii) to select a common seal for the University and provide for the custody and use of the seal; (xiii) to institute fellowships, scholarships, studentships, medals and prizes; (xiv) to delegate any of its powers to the Vice-Chancellor, the Registrar or such other officer of the University or to a Committee appointed by it as it may deem fit.