(1)  The Chancellor shall be the Chairperson of the Governing Board.

   (2)  In addition to the Chairperson, the Governing Board shall consist of the following members who shall be nominated by the Central Government, namely:—

   (a)  Vice-Chancellor—Member, ex officio;

   (b)  Secretary, Ministry of Cooperation—Member, ex officio;

   (c)  Four Secretaries of Central Ministries or Departments dealing with important sectors of co-operative—Members, ex officio;

   (d)  Four Principal Secretaries or Secretaries of Co-operation Department of States or Union territories, by rotation—Members, ex officio;

   (e)  Managing Director, National Co-operative Development Corporation—Member, ex officio;

   (f)  Chairperson, National Dairy Development Board—Member, ex officio;

   (g)  Chief Executive, National Fisheries Development Board—Member, ex officio;

   (h)  Chairperson, National Bank for Agriculture and Rural Development—Member, ex officio;

   (i)  Four Chairpersons of National Co-operative Societies, by rotation— Members, ex officio;

   (j)  Chairperson, Institute of Rural Management Anand School—Member, ex officio;

   (k)  Four Deans of Schools and Departments established by the University, by rotation— Members, ex officio;

   (l)  Two Directors of Institutes affiliated to the University, by rotation—Members, ex officio;

   (m)  Four Professors who are members of the Academic and Research Council, Capacity Building Council, Assessment and Improvement Council and Research and Development Council respectively, by rotation—Members, ex officio;

   (n)  Finance Officer of the University—Member, ex officio;

   (o)  President, Alumni Association—Member, ex officio;

   (p)  Four eminent persons in the field of co-operatives—Members;

   (q)  Representative of the Reserve Bank, not below the rank of Executive Director—Member, ex officio; and

   (r)  the Registrar—Member-Secretary, ex officio.

   (3)  The term of office of the nominated members, other than ex officio Members shall be for a period of three years from the date of their nomination:

   Provided that term of office of an ex officio Member shall continue so long as he holds the office by virtue of which he is a member.

   (4)  Subject to the provisions of this Act and the statutes made thereunder, the Governing Board shall exercise and perform the following powers and functions, namely:—

   (a)  to review, from time to time, the broad policies and programmes of the University, and to suggest measures for the improvement and development of the University;

   (b)  to consider and pass resolutions on the annual report and the annual accounts of the University and the audit report on such accounts;

   (c)  to nominate members of Academic and Research Council, Capacity Building Council, Assessment and Improvement Council, Research and Development Council and Board for Affiliation and Recognition; and

   (d)  to perform such other powers and functions as may be provided by the Statutes.