39. State Government to assume financial control in certain circumstances.

(I) a provision requiring the submission of the budget to the State Government for sanction;
(II) a provision requiring the University to submit every proposal involving financial implications to the State Government for sanction;
(III) a provision requiring the submission of every proposal for the revision of pay scale and rate of allowances of the officers, teachers, and other persons employed by the University to the State Government for the sanction;
(IV) a provision requiring the deduction of salaries and allowances of all or any class of persons employed by the University ;
(V) a provision requiring the deduction in the number of posts of the officers, teachers and other person employed by the University;
(VI) a provision requiring the lowering down of scales of pay and rate of allowances, and
(VII) a provision in regard to such other matters as may have the effect of reducing the financial strain on the University :