The Board of Management shall be the principal organ of Management and principal executive body of the Institute and shall have the following powers, namely:

• To establish, on the advice of the Academic Council, Divisions / Cells / Centres / Departments/Faculties/ Schools for the academic work and functions of the institute and to allocate areas of study, teaching and research to them;
• To create teaching and academic posts, to determine the number, cadres and qualifications thereof as approved by the UGC, and statutory bodies concerned and the emoluments of such posts in consultation with the Finance Committee
• To appoint such Professors, Associate Professors, Assistant Professors and other academic staff as may be necessary on the recommendation of the Selection Committee
• To lay down the duties and conditions of service of the Professors, Associate Professors and Assistant Professors and other academic staff of the institute in consultation with the Academic Council
• To provide for appointment of Visiting Fellows and Visiting Professors
• To create administrative, ministerial and other necessary posts in terms of the cadres laid down and to make appointment thereof in consultation with the Finance Committee as per the Recruitment Rules of the Institute
• To constitute, for the benefit of the teaching, academic, technical, administrative and other staff, such pension, insurance, provident fund and gratuity as it may deem fit and aid in the establishment and support of Association, Institutions, Funds, Endowments, Trusts and conveyances calculated to benefit the staff and the students of the Institute
• To regulate and enforce discipline among the employees of the institute and to take appropriate disciplinary action, wherever necessary
• To entertain and adjudicate upon and, if thought fit, to redress any grievances of the employees and students of the institute
• To grant leave of absence to the Vice-Chancellor and to make necessary arrangements for carrying on his/her functions during the period of absence
• To approve the award of Degrees and Diplomas based on the results of examinations and tests and to confer, grant or award Degrees, Diplomas, Certificates and other academic titles and distinctions
• To fix the emoluments and traveling and other allowances of examiners, moderators, tabulators and such other personnel appointed for examinations in consultation with the Academic Council and the Finance Committee
• To institute Fellowships, including Travel Fellowships, Scholarships, Studentships, Medals and Prizes in accordance with the Rules to be framed for the purpose
• To advise on the matters regarding acquisition, management and disposal of any immovable property on behalf of the institute
• To purchase, take on lease or accept as gift or otherwise any land or buildings or works which may be necessary or convenient for the purpose of the institute on such terms and conditions as it may deem fit and proper, and to construct or alter and maintain any such building(s) or work(s)
• To transfer or accept transfers of any movable/immovable property on behalf of the institute
• To execute conveyance, transfer Government Securities, re-conveyances, mortgages, leases, bonds, licenses and agreements in respect of property, movable or immovable, belonging to the institute or to be acquired for the purposes of the institute
• To issue appeals for funds for carrying out the objectives of the institute and, consistent with the provisions of the objectives, to receive grants, donations, contributions, gifts, prizes, scholarship, fees and other moneys, to give grants and donations, to award prizes, scholarships, etc
• To raise and borrow money on bonds, mortgages, promissory notes or other obligations or securities founded or based on any of the properties and assets of the institute or without any securities, upon such terms and conditions as it may think fit and to pay out of the funds of the institute, all expenses incidental to the raising of money and to repay and redeem the money borrowed
• To draw and accept and make and endorse discount and negotiate Government of India's and other promissory notes, bills of exchange, cheques or other negotiable instruments
• To maintain a fund to which shall be credited:
1. all moneys provided by the Central or State / UT Government(s)/ University Grants Commission
2. all fees and other charges received by the institute
3. all money received by the institute as grants, gifts, donations, benefactions, bequest or transfers and
4. all money received by the institute in any other manner or from any other source
• To open account or accounts of the institute with any one or more scheduled banks and to lay down the procedure for operating the same
• To deposit all moneys credited to the funds in scheduled banks or to invest them in consultation with the Finance Committee
• To invest the funds of the institute or money entrusted to the institute in or upon such securities and in such manner as it may deem fit and from time to time transpose any investment
• 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
• To manage, regulate and administer the revenue, the finance, accounts, investments, properties, business and all other administrative affairs of the institute and for that purpose to appoint such agent or agents as it may deem fit
• To provide building or buildings, premises, furniture, fittings, equipments, appliances and other facilities required for carrying on the work of the institute
• To establish, maintain and manage residences for faculty and staff and hostels for the students of the institute
• To recognize and maintain control and supervision of hostels owned and managed by other agencies for the students of the institute and to rescind such recognition
• To appoint such committees for such purposes 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
• To appoint in order to execute an instrument or transact any business of the institute, any person as attorney of the institute with such powers as it may deem fit
• To appoint Auditor(s) for the Institute
• To select an emblem and to have a common seal for the institute and to provide for the custody and use of such seal
• To delegate all or any of its powers to any Committee or sub-Committee constituted by it or the Vice-Chancellor of the institute or any other person
• To conduct all administrative affairs of the institute not otherwise specifically provided for
• To take all necessary decisions for the smooth and efficient functioning of the institute

      The Finance Committee shall consist of the following members: -

• To consider the annual accounts and financial estimates of the institute and submit them to the Board of the Management for approval
• To consider and recommend the annual budget and revised estimates to the Board of Management
• To fix limits of the total recurring expenditure and the total nonrecurring expenditure of the year based on the income and resources of the institute.

      The Finance Committee shall consist of the following members: -

• To consider the annual accounts and financial estimates of the institute and submit them to the Board of the Management for approval
• To consider and recommend the annual budget and revised estimates to the Board of Management
• To fix limits of the total recurring expenditure and the total nonrecurring expenditure of the year based on the income and resources of the institute.