Section 95. Financial control of Government.

Without the prior approval of the State Government or an officer authorized by it in this behalf, the University shall not- (a) fill any new posts of officers, teachers or other employees, created by it ; (b) revise the pay, allowances, post-retirement benefits and other benefits of its officers, teachers and other employees ; (c) grant any special pay, allowances or other extra remuneration of any description whatsoever, including ex-gratia payment or other benefits having financial implications, to any of its officers, teachers or other employees ; (d) divert any earmarked funds for any other purpose, or (e) incur any expenditure on any development work.