{ "schema_version": "qanun-law-text/1", "id": "punjab-code-fab89e18ebf9cd7a", "title": "INSTITUTE OF MANAGEMENT AND APPLIED SCIENCES, KHANEWAL ACT 2021", "source_collection": "Punjab", "content_kind": "stored_law_text", "content_extent": null, "source_url": "https://punjabcode.punjab.gov.pk/en/show_article/UmJVYwo6VmFSOw--", "version": null, "source_snapshot": "2026-08-06T16:36:39Z", "legal_status": "not independently verified", "text_quality": "Complete stored UTF-8 TXT file recovered byte-for-byte from owned Drive. Source transcription retained verbatim; legal completeness, OCR accuracy and current consolidation unverified.", "text_sha256": "8a742e238c449bef710e69570daad07df02f504d888842430cf8af6f5ffd321c", "source_sha256": "8a742e238c449bef710e69570daad07df02f504d888842430cf8af6f5ffd321c", "text_version_id": "law:punjab-code-fab89e18ebf9cd7a:sha256:8a742e238c449bef710e69570daad07df02f504d888842430cf8af6f5ffd321c", "quality_flags": [], "encoding": "UTF-8", "text": "THE INSTITUTE OF MANAGEMENT AND APPLIED \r\nSCIENCES, KHANEWAL ACT 2021 \r\n (XXXVI of 2021) \r\nCONTENTS \r\nCHAPTER I \r\nPRELIMINARY \r\n1. Short title and commencement \r\n2. Definitions \r\nCHAPTER II \r\nTHE INSTITUTE \r\n3. Establishment of the Institute \r\n4. Functions of the Institute \r\n5. Institute open to all \r\n6. Jurisdiction \r\nCHAPTER III \r\nOFFICERS OF THE INSTITUTE \r\n7. Officers of the Institute \r\n8. Chancellor \r\n9. Inspection and inquiry \r\n10. Rector \r\n11. Powers of the Rector \r\n12. Acting Rector \r\n13. Registrar \r\n14. Controller of Examinations \r\n15. Treasurer \r\n16. Appointments \r\nCHAPTER IV \r\n \r\n \r\nAUTHORITIES OF THE INSTITUTE \r\n17. Authorities of the Institute \r\n18. Board of Governors \r\n19. Powers and duties of the Board \r\n20. Business of the Board \r\n21. Delegation of powers \r\n22. Academic Council \r\n23. Powers and duties of Academic Council \r\nCHAPTER V \r\nFINANCIAL PROVISIONS \r\n24. Institute Fund \r\n25. Budget, audit and accounts \r\nCHAPTER VI \r\nMISCELLANEOUS \r\n26. Rules \r\n27. Statutes \r\n28. First statutes \r\n29. Regulations \r\n30. Removal of difficulties \r\n31. Savings \r\nSCHEDULE \r\n(SEE SECTION 28) \r\nTHE FIRST STATUTES \r\n \r\n \r\n \r\n \r\n \r\nTEXT \r\n \r\n1THE INSTITUTE OF MANAGEMENT AND APPLIED SCIENCES, \r\nKHANEWAL ACT 2021 \r\n \r\n(XXXVI OF 2021) \r\n [24 November 2021] \r\nAn \r\nAct \r\nto provide for the establishment of Institute of Management and Applied Sciences, \r\nKhanewal. \r\nIt is expedient to provide for establishment of the Institute of Management and \r\nApplied Sciences, Khanewal in the private sector and to provide for the ancillary \r\nmatters. \r\nBe it enacted by Provincial Assembly of the Punjab as follows: \r\nCHAPTER I \r\nPRELIMINARY \r\n1. Short title and commencement. – (1) This Act may be cited as the Institute \r\nof Management and Applied Sciences, Khanewal Act 2021. \r\n(2) It shall come into force at once. \r\n2. Definitions.– In this Act: \r\n(a) “Academic Council” means the Academic Council of the Institute; \r\n(b) “Act” means the Institute of Management and Applied Sciences, \r\nKhanewal Act 2021; \r\n(c) “Authority” means an Authority of the Institute specified in section 17; \r\n(d) “Board” means Board of Governors of the Institute; \r\n(e) “Chairperson” means the head of a department; \r\n(f) “Chancellor” means Governor of the Punjab; \r\n(g) “Company” means the Pakistan Education Services Pvt. Ltd, a \r\nCompany registered under the Companies Act, 2017 (XIX of 2017); \r\n(h) “Controller of Examinations” means Contr oller of Examinations of the \r\nInstitute; \r\n(i) “Dean” means head of a faculty of the Institute; \r\n(j) “Department” means a teaching department maintained and \r\nadministered by the Institute in the prescribed manner; \r\n(k) “Faculty” means an administrative and ac ademic unit of the Institute \r\nconsisting of one or more departments; \r\n \r\n1 This Act was passed by the Provincial Assembly of the Punjab on 28 September 2021; assented to by the Governor of the \r\nPunjab on 23 November 2021; and, was published in the Punjab Gazette (Extraordinary), dated: 24 November 2021, pp. 2493-\r\n2504. \r\n \r\n \r\n(l) “Government” means Government of the Punjab; \r\n(m) “Higher Education Commission” means the Higher Education \r\nCommission established under the Higher Education Commission \r\nOrdinance, 2002 (LIII of 2002); \r\n(n) “Institute” means the Institute of Management and Applied Sciences, \r\nKhanewal established under the Act; \r\n(o) “prescribed” means prescribed by the rules, statutes or regulations; \r\n(p) “Punjab Higher Education Commission” means the Punj ab Higher \r\nEducation Commission established under the Punjab Higher Education \r\nCommission Act, 2014 (Act I of 2015); \r\n(q) “Rector” means Rector of the Institute; \r\n(r) “Registrar” means Registrar of the Institute; \r\n(s) “rules”, “regulations” and “statutes” me an respectively the rules, \r\nregulations and statutes made under the Act; \r\n(t) “Schedule” means Schedule appended to the Act; \r\n(u) “Search Committee” means Search Committee constituted by the \r\nBoard for making recommendations for appointment of the Rector; \r\n(v) “teacher” includes a Professor, Associate Professor, Assistant \r\nProfessor or Lecturer engaged whole time by the Institute and such \r\nother person as may be prescribed; and \r\n(w) “Treasurer” means the Treasurer of the Institute. \r\nCHAPTER II \r\nTHE INSTITUTE \r\n3. Establishment of the Institute. – (1) The Government shall, by notification, \r\nestablish an Institute to be called the Institute of Management and Applied Sciences \r\nwith its principal campus located at Khanewal. \r\n(2) The Institute shall be a body corporate having perpetual succession \r\nand a common seal with power to acquire, hold and dispose of property and shall, by \r\nthe said name, sue and be sued. \r\n(3) The Institute shall consist of the following: \r\n(a) Chancellor; \r\n(b) Chairman and members of the Board; \r\n(c) Rector; \r\n(d) Chairpersons and Deans; \r\n(e) Members of an Authority; \r\n(f) Teachers and the students of the Institute; and \r\n(g) Officers and members of the staff of the Institute. \r\n4. Functions of the Institute.– The Institute shall: \r\n \r\n \r\n(a) provide instruction and training in: \r\n(i) Business and Management Sciences, Computer Science and \r\nInformation Systems, Economics and Commerce, Sciences and \r\nEmerging Technologies, Social Sciences, Literature and \r\nLinguistic, and Allied Health Sciences; and \r\n(ii) such other branches of knowledge, as the Board may determine \r\nwith the approval of the Chancellor given on the \r\nrecommendation of a committee constituted by the Government \r\nand, where applicable, subject to the prior approval of the \r\nrelevant statutory body of professional education; \r\n(b) establish, maintain and administer a department, constituent college or \r\nan institute; \r\n(c) establish and support other facilities for education, training and \r\nresearch; \r\n(d) prescribe courses of studies; \r\n(e) decide teaching methods and strategies to ensure the most effective \r\neducational and training programs; \r\n(f) hold examinations in the prescribed manner and, if a person qualifies \r\nthe examination, award degree, diploma, certificate and other \r\nacademic distinction to the person; \r\n(g) prescribe the terms and conditions of employment of the officers, \r\nteachers and other employees of the Institute; \r\n(h) engage, where necessary, a person on contract of specified duration \r\nand to specify the terms of the engagement; \r\n(i) institute programs for the exchange of students and teachers between \r\nthe Institute and any other Institute, educational institution or research \r\norganization; \r\n(j) provide career counseling and job search services to the students and \r\nalumni; \r\n(k) maintain linkages with alumni; \r\n(l) develop and implement fund-raising plans; \r\n(m) provide and support the academic development of the faculty of the \r\nInstitute; \r\n(n) confer degree on a person who has successfully conducted research in \r\nthe prescribed manner; \r\n(o) accept an ex amination and the period of study spent by a student of \r\nthe Institute at any other Institute or place of learning equivalent to an \r\nexamination or period of study of the Institute and may withdraw such \r\nacceptance; \r\n(p) cooperate with a public authority, Ins titute or private organization in the \r\nmanner and for such purpose as may be prescribed; \r\n \r\n \r\n(q) institute Professorship, Associate Professorship, Assistant \r\nProfessorship and Lectureship or any other post and may appoint a \r\nperson on the post; \r\n(r) create a pos t for research, extension, administration or other related \r\npurpose and may appoint a person on the post; \r\n(s) institute and award financial assistance to students in need, \r\nfellowships, scholarships, bursaries, medals and prizes in the \r\nprescribed manner; \r\n(t) provide for the residence of the students, establish and maintain halls \r\nof residence and may approve or license a hostel, lodging or boarding \r\nplace; \r\n(u) maintain order, discipline and security in a campus of the Institute; \r\n(v) promote extra-curricular and recreational activities of the students and \r\nmake arrangements for promoting health and general welfare of the \r\nstudents; \r\n(w) demand and receive such fees and other charges from the students as \r\nit may determine; \r\n(x) make provision for research, adviso ry or consultancy services and \r\nenter into arrangements with any other institution, public or private \r\nbody, commercial or industrial enterprise in the prescribed manner; \r\n(y) receive and manage property transferred and grants, contributions \r\nmade to the Inst itute and to invest any fund in the manner as it may \r\ndeem fit; \r\n(z) print and publish research or any other work; and \r\n(aa) perform any other prescribed or ancillary functions. \r\n5. Institute open to all. – (1) Subject to such reasonable restrictions as may be \r\nprescribed, the Institute shall be open to all persons; and, admission to the Institute \r\nshall not be denied merely on the basis of gender, religion, race, creed, colour or \r\ndomicile. \r\n(2) The Institute shall not discriminate against any person solely on the \r\nbasis of gender, religion, race, creed, colour or domicile. \r\n6. Jurisdiction.– (1) The jurisdiction of the Institute shall be restricted to the \r\nProvince of the Punjab. \r\n(2) The Institute shall not open any sub -campus for a period of ten years \r\nfrom the commencement of the Act after which period it may open a sub -campus \r\nwith the approval of the Chancellor. \r\nCHAPTER III \r\nOFFICERS OF THE INSTITUTE \r\n7. Officers of the Institute.– The following shall be the officers of the Institute: \r\n(a) Chancellor; \r\n \r\n \r\n(b) Rector; \r\n(c) Deans; \r\n(d) Chairpersons; \r\n(e) Registrar; \r\n(f) Treasurer; \r\n(g) Controller of Examinations; and \r\n(h) such other persons as may be prescribed by the statutes or regulations \r\nto be the officers of the Institute. \r\n8. Chancellor.– (1) The Chancellor or his nominee shall preside at a \r\nconvocation of the Institute. \r\n(2) The Institute may confer an honorary degree subject to the prior \r\napproval of the Chancellor. \r\n(3) The Chancellor may approve the draft statutes submitted by the Board \r\nor refer the statutes back to the Board for reconsideration. \r\n(4) In the performance of his functions under the Act, the Chancellor shall \r\nact and be bound in the same manner as the Governor of the Province acts and is \r\nbound under Article 105 of the Constitution of the Islamic Republic of Pakistan. \r\n9. Inspection and inquiry.– (1) The Chancellor may direct inspection or inquiry \r\ninto the affairs of the Institute. \r\n(2) The Chancellor shall convey his views with regard to the result of the \r\ninspection or inquiry to the Board and may, after ascertaining the views of the Board, \r\nrecommend any remedial action to the Board. \r\n(3) The Board shall, within the time specified by the Chancellor, submit \r\nreport to the Chancellor about the action taken on the recommendation of the \r\nChancellor. \r\n(4) If the Board fails to take action to the satisfaction of the Chancellor \r\nwithin the specified time, the Chancellor may issue such direction as he thinks fit and \r\nthe Board shall comply with the direction. \r\n(5) The Chancellor may, on the recommendation of a committee \r\nconstituted by him and comprising a nominee of the Board, Chairperson of the \r\nPunjab Higher Education Commission or his nominee not below the rank of a \r\nDirector and a Professor Emeritus or Rector of any Institute, take action against the \r\nInstitute by appointing an administrator, who shall exercise the powers of the Board \r\nto run the affairs of the Institute till such time as may be specified by the Chancellor. \r\n(6) The Chancellor shall not take any action under subsection (5), u nless \r\nthe Chairman of the Board is afforded an opportunity of hearing. \r\n(7) The Chancellor may set aside a decision or action of the Board, which, \r\nin the opinion of the Chancellor, is against the interest of academic excellence, \r\nreligious or cultural ideology or national integrity. \r\n \r\n \r\n10. Rector.– (1) The Government shall, on the recommendations of the Board, \r\nappoint a person as Rector for a term of four years on such terms and conditions as \r\nmay be determined by the Board. \r\n(2) The Board shall recommend a person for appointment as Rector from \r\namongst the panel of three persons recommended by the Search Committee. \r\n(3) The Rector shall be the person who possesses the prescribed \r\nqualifications and experience. \r\n(4) The Rector shall perform functions under the Act or any other function \r\nas may be assigned to him by the Board. \r\n11. Powers of the Rector. – (1) The Rector shall be the chief executive officer of \r\nthe Institute responsible for administrative and academic functions of the Inst itute \r\nand for ensuring that the provisions of the Act, rules, statutes and regulations are \r\nobserved in all the affairs of the Institute. \r\n(2) The Rector may attend a meeting of any Authority or body of the \r\nInstitute. \r\n(3) Subject to the conditions as may b e prescribed by the Board, the \r\nRector may, in an emergency, take an action which is not otherwise in the \r\ncompetence of the Rector and within three days of taking of such action, submit a \r\nreport of the action taken to the Chairman of the Board. \r\n(4) Subject to the general supervision and control of the Board, the Rector \r\nmay: \r\n(a) direct a teacher, officer or other employee of the Institute to take \r\nup such assignment in connection with examination, \r\nadministration or any other activity in relation to the Institute; \r\n(b) sanction by re -appropriation an amount for an unforeseen item \r\nnot provided for in the budget of the Institute; \r\n(c) make appointments of such categories of employees of the \r\nInstitute in such manner as may be prescribed; \r\n(d) take disciplinary ac tion against a teacher, officer or any other \r\nemployee of the Institute in the prescribed manner; \r\n(e) delegate, subject to such conditions as may be prescribed, any \r\nof his powers to a teacher or officer of the Institute; and \r\n(f) exercise such other powers as may be prescribed. \r\n(5) The Rector shall prepare an annual report containing information as \r\nregards the preceding academic year including disclosure of all relevant facts \r\npertaining to academics, research, administration and finances of the Institute. \r\n(6) The Rector shall, within three months of the end of an academic year, \r\nsubmit the annual report of the Institute before the Board. \r\n12. Acting Rector.– Subject to such conditions as may be prescribed, if the office \r\nof the Rector is vacant, or the Recto r is absent or is unable to perform the functions \r\nof his office due to illness or some other cause, the Board shall make arrangements \r\n \r\n \r\nfor the performance of the duties of the Rector by such other person as it may deem \r\nfit. \r\n13. Registrar.– (1) The Board sh all, on the recommendation of the Rector, \r\nappoint Registrar of the Institute on such terms and conditions as may be prescribed. \r\n(2) The Board shall not appoint a person as Registrar unless he \r\npossesses the prescribed qualifications and experience. \r\n(3) The Registrar shall be a full-time officer of the Institute and shall: \r\n(a) be the administrative head of the Secretariat of the Institute and \r\nbe responsible for the provision of secretariat support to the \r\nBoard and the Rector; \r\n(b) be the custodian of the common seal and the academic records \r\nof the Institute; \r\n(c) maintain a register of the students and graduates in the \r\nprescribed manner; \r\n(d) supervise the process of election, appointment or nomination of \r\na member to an Authority or body of the Institute in the \r\nprescribed manner; and \r\n(e) perform such other duties as may be prescribed or as may \r\nassigned by the Rector or the Board. \r\n(4) The Registrar shall hold office for a renewable term of three years. \r\n14. Controller of Examinations.– (1) The Board shall, on the recommendation of \r\nthe Rector, appoint Controller of Examinations of the Institute on such terms and \r\nconditions as may be prescribed. \r\n(2) The Board shall not appoint a person as Controller unless he \r\npossesses the prescribed qualifications and experience. \r\n(3) The Controller shall be a full -time officer of the Institute and shall be \r\nresponsible for all matters connected with the conduct of examinations and perform \r\nsuch other duties as may be prescribed or assigned by the Rector or the Board. \r\n(4) The Controller shall hold office for a renewable term of three years. \r\n15. Treasurer.– (1) The Board shall, on the recommendation of the Rector, \r\nappoint Treasurer of the Institute on such terms and conditions as may be \r\nprescribed. \r\n(2) The Board shall n ot appoint a person as Treasurer unless he \r\npossesses the prescribed qualifications and experience. \r\n(3) The Treasurer shall be the chief financial officer of the Institute and \r\nshall: \r\n(a) manage the assets, liabilities, receipts, expenditures, funds and \r\ninvestments of the Institute; \r\n(b) prepare the annual and revised budget estimates of the Institute \r\nand present the estimates to the Board; \r\n \r\n \r\n(c) ensure that the funds of the Institute are spent according to the \r\nbudget or any other special arrangement; \r\n(d) ensure that the accounts of the Institute are audited annually \r\nand are available for submission to the Board within six months \r\nof the end of a financial year; and \r\n(e) perform such other functions as may be prescribed or as my be \r\nassigned to him by the Rector or the Board. \r\n(4) The Treasurer shall hold office for a renewable term of three years. \r\n16. Appointments.– The Institute may appoint such persons in its services as \r\nmay be necessary on such terms and conditions as may be determined by the \r\nBoard. \r\nCHAPTER IV \r\nAUTHORITIES OF THE INSTITUTE \r\n17. Authorities of the Institute. – The following shall be the Authorities of the \r\nInstitute: \r\n(a) Board of Governors; \r\n(b) Academic Council; \r\n(c) Boards of Faculties; \r\n(d) Board of Advanced Studies and Research; \r\n(e) Selection Board; \r\n(f) Finance and Planning Committee; and \r\n(g) any other prescribed Authority. \r\n18. Board of Governors. – (1) The Board of Governors of the Institute shall \r\nconsist of the following: \r\n(a) Chairman of the Company; \r\n(b) Rector; \r\n(c) maximum four members of the Company to be nominated by the \r\nChairman of the Company; \r\n(d) four persons including at least one woman from amongst \r\neminent scholars, business persons or academicians to be \r\nnominated by the Chairman of the Company; \r\n(e) three members of the Provincial Assembly of the Punjab, \r\nincluding at least one female member to be nominated by the \r\nSpeaker; \r\n(f) Chairperson, Higher Education Commission or his nominee not \r\nbelow the rank of a Director; \r\n(g) Chairperson, Punjab Higher Education Commission or his \r\nnominee not below the rank of a Director; \r\n \r\n \r\n(h) Vice Chancellor of a public sector University in the Punjab \r\nnominated by the Chancellor; and \r\n(i) Secretary to the Government, Higher Education Department or \r\nhis nominee not below the rank of an Additional Secretary. \r\n(2) The Chairman of the Company shall be the Chairman of the Board and \r\nthe Rector shall be the Vice Chairman of the Board. \r\n(3) The members of the Board other than ex -officio members shall hold \r\noffice for a term of thre e years and shall be eligible for re -appointment on the expiry \r\nof their term of office. \r\n(4) The quorum for a meeting of the Board shall be one half of the total \r\nnumber of members with at least three ex-officio members. \r\n(5) The Registrar shall be the Secr etary of the Board and the Secretary \r\nshall, with the approval of the Chairman of the Board, call the meeting of the Board. \r\n(6) The Company may fill a casual vacancy occurring because of death or \r\nresignation of a member of the Board nominated by the Company to the extent of the \r\nremainder of the term of the former member. \r\n19. Powers and duties of the Board. – (1) The administration and management \r\nof the affairs of the Institute shall vest in the Board. \r\n(2) Without prejudice to the generality of the aforesai d power, the Board \r\nmay: \r\n(a) formulate or approve the principles, policies and plans governing \r\nthe activities and operations of the Institute so as to facilitate \r\nresearch, teaching and other academic work; \r\n(b) recommend the draft statutes to the Chancellor; \r\n(c) make or approve regulations; \r\n(d) create a component of the Institute such as faculty, department, \r\nconstituent college or Institute, subject to the provisions of the \r\nAct; \r\n(e) constitute a committee, council and any other administrative or \r\nacademic advisory body; \r\n(f) create such academic or administrative posts as it may deem \r\nnecessary and to approve appointments to such posts as it may \r\nspecify; \r\n(g) hold, control and administer the property, funds and resources \r\nof the Institute and raise funds for the purpose of the Institute \r\nupon such security as may be required under the regulations; \r\n(h) undertake the responsibility for the financial viability of the \r\nInstitute including responsibility for ensuring effectiveness of its \r\noperations, their continuit y and preservation of the autonomy of \r\nthe Institute; \r\n \r\n \r\n(i) consider and pass through a resolution the annual report, plan \r\nof work, statement of accounts and the annual budget \r\nestimates; \r\n(j) call for and consider reports relating to the activities of the \r\nInstitute and may direct the Rector to furnish information relating \r\nto any matter specified by the Board; and \r\n(k) take all such initiatives as it may consider necessary or \r\ndesirable for efficient and effective management and functioning \r\nof the Institute. \r\n(3) The Board shall recommend the draft statutes to the Chancellor and \r\nthe statutes shall come into force when the same are approved by the Chancellor. \r\n20. Business of the Board. – (1) The meetings and business of the Board shall \r\nbe conducted in such manner and in accordance with such procedure as may be \r\nprescribed in the regulations and until so prescribed, as may be determined by the \r\nBoard. \r\n(2) The statutes, regulations or proceedings of the Board shall not be \r\ninvalid merely by reason of any vacancy or defect in the constitution of the Board. \r\n21. Delegation of powers. – The Board may delegate to any person or a \r\ncommittee any of its powers, duties or functions. \r\n22. Academic Council.– (1) The Academic Council shall consist of: \r\n(a) Rector (Chairman); \r\n(b) all the Deans; \r\n(c) all the Chairpersons; \r\n(d) Controller of Examinations; \r\n(e) all the Professors of the Institute; \r\n(f) nominee of the Secretary to the Government, Education \r\nDepartment not below the rank of a Deputy Secretary; \r\n(g) two Associate Professors, two Assistant Professors and two \r\nLecturers to be nominated by the Board; \r\n(h) three persons eminent in the field of art or science of whom at \r\nleast one shall be from each category, to be nominated by the \r\nBoard; \r\n(i) Director Academics of Higher Education Commission; and \r\n(j) Registrar (Member/Secretary). \r\n(2) A nominated member shall hold office for a renewable term of three \r\nyears. \r\n(3) The quorum for a meeting of the Academic Council shall be one half of \r\nthe total number of members of the Academic Council. \r\n23. Powers and duties of Academic Council. – (1) The Academic Council shall \r\nbe the academic body of the Institute and may, subject to the statutes, lay down \r\n \r\n \r\nproper standards of instruction, research, publication and examination and to \r\nregulate and promote the academic life of the Institute. \r\n(2) Without prejudice to the generality of the foregoing powers and subject \r\nto the provisions of the Act, rules, statutes and regulations, the Academic Council \r\nmay: \r\n(a) advise the Board on academic matters; \r\n(b) regulate the conduct of teaching, research and publication; \r\n(c) regulate the admission of students to the courses of studies and \r\nexaminations in the Institute; \r\n(d) regulate the conduct and discipline of the students of the \r\nInstitute; \r\n(e) propose to the Board, a scheme for the constitution and \r\norganization of faculties, teaching departments, constituent \r\ncolleges and institutes; \r\n(f) consider or formulate proposals for planning and development of \r\nteaching and research in the Institute; \r\n(g) recommend to the Board regulations prescribing the courses of \r\nstudies, the syllabi and the outlines of tests for the Institute \r\nexaminations; \r\n(h) regulate the award of studentships, scholarships, exhibitions, \r\nmedals and prizes; \r\n(i) frame Regulations for submission to the Board; \r\n(j) appoint or nominate members to various Authorities in \r\naccordance with the provisions of the Act; and \r\n(k) perform such other functions as may be prescribed by the \r\nstatutes. \r\nCHAPTER V \r\nFINANCIAL PROVISIONS \r\n24. Institute Fund. – (1) There shall be a fund to be known as the Institute of \r\nManagement and Applied Sciences Khanewal Fund which shall vest in the Institute \r\nand to which shall be credited all sums received by the Institute. \r\n(2) The Institute may accept donations in the shape of land, vehicles, \r\nequipment or any other item that may facilitate the functioning of the Institute and all \r\nsuch donations shall be used, maintained and disposed of by the Institute in the \r\nprescribed manner. \r\n25. Budget, audit and accounts. – (1) The budget of the Institute shall be \r\napproved and its accounts shall be maintained and audited in such manner as may \r\nbe prescribed by the Board. \r\n(2) The Board may approve the budget of the Institute, appropriations of \r\naccounts of the Institute and settle an audit para relating to the audit of the Institute. \r\n \r\n \r\n(3) The Board may delegate the power of appropriation or re -appropriation \r\nof funds to any of the officers of the Institute. \r\nCHAPTER VI \r\nMISCELLANEOUS \r\n26. Rules.– The Government may, by notification, make rules for carrying out the \r\npurposes of the Act. \r\n27. Statutes.– Subject to the rules, the Chancellor may approve statutes on the \r\nrecommendation of the Board in order to provide for and to regulate any matter \r\nrelevant to the Institute. \r\n28. First statutes.– Notwithstanding anything to the contrary contained in the Act, \r\nthe statutes set out in the Schedule shall be deemed to be the statutes made under \r\nsection 27 and shall continue to remain in force until amended or re pealed in \r\naccordance with the provisions of the Act. \r\n29. Regulations.– Subject to the rules and the statutes, the Board may frame \r\nregulations for the proper administration and management of the affairs of the \r\nInstitute. \r\n30. Removal of difficulties. – If any difficulty arises in giving effect to any of the \r\nprovisions of the Act, the Board may, with the approval of the Government, give such \r\ndirections, not inconsistent with the Act, as it may consider necessary for the \r\nremoval of such difficulty. \r\n31. Savings.– Notwithstanding anything contained in the Act, an examination \r\nconducted by the proponents of the Institute prior to the coming into force of the Act, \r\nshall be deemed to be the examination conducted by the Institute under the Act and \r\nthe Institute may award degree, diploma or certificate on the basis of such \r\nexamination. \r\n \r\n \r\n \r\n \r\nSCHEDULE \r\n(SEE SECTION 28) \r\nTHE FIRST STATUTES \r\n1. Faculties.– (1) There shall be a faculty for a teaching department or a group \r\nof teaching departments. \r\n(2) The Institute shall have the following faculties and such other faculties \r\nas may be prescribed: \r\n(a) Faculty of Business and management Sciences; \r\n(b) Faculty of Computer Science and Information Systems, \r\n(c) Faculty of Economics and Commerce; \r\n(d) Faculty of Sciences and Emerging Technologies; \r\n(e) Faculty of Social Sciences; \r\n(f) Faculty of Literature and Linguistic; and \r\n(g) Faculty of Allied Health Sciences. \r\n2. Board of Faculty. – (1) There shall be a Board of Faculty for each faculty \r\nwhich shall consist of: \r\n(a) Dean of the faculty; \r\n(b) Professors and Chairpersons in the faculty; \r\n(c) two teachers to be nominated by the Academic Council owing to \r\ntheir specialized knowledge of the subjects which, though not \r\nassigned to the faculty, have in the opin ion of the Academic \r\nCouncil, important bearing on the subjects assigned to the \r\nfaculty; \r\n(d) two experts in the field from outside the Institute to be appointed \r\nby the Board; and \r\n(e) one member to be nominated by the Rector. \r\n(2) The members other than ex-officio members of a Board of Faculty shall \r\nhold office for a period of three years. \r\n(3) The quorum for a meeting of a Board of Faculty shall be one half of the \r\ntotal number of members. \r\n(4) A Board of Faculty, subject to the general control of the Acade mic \r\nCouncil and the Board, may: \r\n(a) co-ordinate the teaching and research work in the subjects \r\nassigned to the faculty; \r\n(b) scrutinize the recommendations of a Board of Studies \r\ncomprising a faculty with regard to the appointment of paper -\r\nsetters and exam iners for graduate and postgraduate \r\nexaminations and to forward the panels of suitable paper setters \r\nand examiners for each examination to the Rector; \r\n \r\n \r\n(c) consider any other academic matter relating to the faculty and to \r\nsubmit its report to the Academic Council; \r\n(d) prepare a comprehensive annual report regarding the \r\nperformance of each department, constituent college or institute \r\ncomprising the faculty for presentation to the Academic Council; \r\nand \r\n(e) perform such other functions as may be prescribed by statutes. \r\n(5) The Dean of the faculty shall be the Chairman and convener of the \r\nBoard of Faculty. \r\n(6) The Dean shall be appointed by the Board on the recommendations of \r\nthe Rector from amongst three senior most Professors of the faculty; shall hold off ice \r\nfor a period of three years; and, shall be eligible for reappointment. \r\n(7) The Dean shall present candidates for admission to degree, except \r\nhonorary degrees, courses falling within the purview of the faculty. \r\n(8) The Dean shall have such powers and duties as may be prescribed by \r\nthe Board on the recommendations of the Rector. \r\n3. Academic department, constituent college and institute. – (1) There shall \r\nbe an academic department, constituent college or an Institute for each subject or a \r\ngroup of subjec ts, as may be prescribed by the regulations and each academic \r\ndepartment, constituent college or institute shall be headed by a head of department, \r\nprincipal of the constituent college and director of the institute, collectively called \r\nChairpersons. \r\n(2) The Board shall, on the recommendations of the Rector, appoint the \r\nChairperson from amongst three senior most Professors other than a Professor \r\nalready working as Dean for a period of three years and the Chairperson shall be \r\neligible for re-appointment: \r\nProvided that where in a department, constituent college or institute there are \r\nless than three eligible Professors, the appointment shall be made from amongst the \r\nthree senior most Professors and Associate Professors of the department, \r\nconstituent college or institute. \r\n(3) The Chairperson shall plan, organize and supervise the work of the \r\ndepartment, constituent college or institute and shall be responsible to the Dean for \r\nthe work of his department, constituent college or institute. \r\n(4) The Chairperson shall, under the general supervision of the Rector and \r\nthe Dean, exercise all the administrative, financial and academic powers and such \r\nother duties or powers as may be delegated to him. \r\n(5) The Chairperson shall prepare a comprehensive annual report \r\nregarding the performance of the department, constituent college or institute at the \r\ngraduate and postgraduate levels, faculty research and development and submit this \r\nreport to the Dean for evaluation. \r\n4. Board of Advanced Studies and Research. – (1) The Board of Advanced \r\nStudies and Research shall consist of: \r\n(a) Rector (Chairman); \r\n \r\n \r\n(b) all the Deans; \r\n(c) Controller of Examinations; \r\n(d) one Institute Professor from each faculty other than Dean to be \r\nappointed by the Board; \r\n(e) one member to be nominated by the Rector; \r\n(f) three members from the relevant field, research organizations \r\nand Government, to be nominated by the Board; and \r\n(g) the Registrar (Secretary). \r\n(2) The term of office of the members of the Board of Advanced Studies \r\nand Research other than ex-officio members shall be three years. \r\n(3) The quorum for a meeting of the Board of Advanced Studies and \r\nResearch shall be one half of the total number of members. \r\n5. Functions of the Board of Advanced Studies and Research. – The Board \r\nof Advanced Studies and Research shall: \r\n(a) advise an Authority on all matters connected with the promotion of \r\nadvanced studies and research publication in the Institute; \r\n(b) consider and report to an Authority with regard to a research degree of \r\nthe Institute; \r\n(c) propose regulations regarding the award of a research degree; \r\n(d) appoint supervisors for a postgraduate research student and to \r\napprove title and synopses of a thesis or dissertation; \r\n(e) recommend panels of names of examiners for evaluation of a resear ch \r\nexamination; and \r\n(f) perform such other functions as may be prescribed by the statutes. \r\n6. Selection Board.– (1) The Selection Board shall consist of: \r\n(a) Rector (Chairman); \r\n(b) the Dean of the faculty concerned; \r\n(c) the Chairperson concerned; \r\n(d) one member of the Board to be nominated by the Board; \r\n(e) one eminent scholar to be nominated by the Company; and \r\n(f) one expert in the subject to be nominated by the Secretary to \r\nthe Government, Education Department. \r\n(2) The Registrar shall be the Secretary of the Selection Board. \r\n(3) The members other than ex -officio members shall hold office for a \r\nperiod of three years. \r\n(4) Four members of the Selection Board shall constitute the quorum for a \r\nmeeting of the Selection Board. \r\n \r\n \r\n(5) No member who is a c andidate or whose family member is a \r\ncandidate, for a post to which appointment is to be made, shall take part in the \r\nproceedings of the Selection Board for selection of a candidate on such post. \r\n(6) In selection of candidates for the post of Professor or Associate \r\nProfessor, the Selection Board shall co -opt or consult three experts in the subject \r\nconcerned and in selecting candidates for any other teaching post, two experts in the \r\nsubject concerned, to be nominated by the Rector from a standing list of ex perts for \r\neach subject approved by the Board on the recommendation of the Selection Board. \r\n(7) The Board may revise the standing list of experts of a subject on the \r\nrecommendation of the Selection Board. \r\n7. Functions of the Selection Board.– The Selection Board shall: \r\n(a) consider the applications and recommend to the Board, the names of \r\nsuitable candidates for appointment to teaching and other posts and \r\nrecommend suitable salary for the selected candidate; and \r\n(b) consider all cases of promotion or sel ection of officers of the Institute \r\nand recommend the names of suitable candidates for such promotion \r\nor selection to the Board. \r\n8. Finance and Planning Committee. – (1) The Finance and Planning \r\nCommittee shall consist of: \r\n(a) Rector (Chairman); \r\n(b) all the Deans; \r\n(c) Treasurer; \r\n(d) one member of the Board to be nominated by the Board; \r\n(e) one member of the Academic Council to be nominated by the \r\nAcademic Council; \r\n(f) one representative each from Higher Education and Finance \r\nDepartments of the Govern ment not below the rank of a Deputy \r\nSecretary; \r\n(g) Director Planning of Higher Education Commission; \r\n(h) Registrar; and \r\n(i) one nominee of the Company. \r\n(2) The term of office of the nominated members shall be three years. \r\n(3) Five members of the Finan ce and Planning Committee shall constitute \r\nthe quorum for a meeting of the Finance and Planning Committee. \r\n9. 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