20. Powers and functions of the Board.

(a) To approve the budget of the University presented by the Vice-Chancellor ;
[(b) To appoint the teachers of the University and such other employees of the University as may be prescribed on the recommendation of the selection committee constituted under section 32.]
(c) To acquire any property for the University and hold or dispose of its properties.
(d) To accept any property on behalf of the University.
(e) To provide for the administration of any funds placed at the disposal of the University for the purposes intended ;
(f) To arrange for the investment and withdrawal of moneys of the University ;
(g) To direct the form and use of the common seal of the University ;
(h) To appoint such committees, either standing oi temporary, as the Board may consider necessary ;
(i) To determine and regulate all policies relating to the affairs of the University in accordance with this Act and the statutes.