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34 · Retirement benefits - (1) A Contributory Provident Fund-cum- Gratuity Scheme and a General Provident Fund-cum-Pension-cum- Gratuity Schemes hall be constituted, maintained and administrated for the employees of the Institute, who joined prior to the Ist January; 2004, in accordance with the rules made by the Board. (2) The employees of the Institute, who have joined Government service or institute on or after the Ist January, 2004 shall be governed by the New Pension Scheme of the Central Government and the retirement benefits under such scheme as applicable to the employees of the Central Government from time to time shall be applicable to the employees of the Institute. 35. Powers of the Chairperson.-(1) The Chairperson shall execute the Contract of Service between the Institute and the Director in writing as set out in Schedule annexed to these Statutes (2) In emergent cases, the Chairperson may exercise the powers of the Board and inform the Board of the action taken by him or her for its approval in its next meeting: 36. Powers and Duties of Director:-(1) The Director shall be the appointing authority 0f, a) Deans and Associate Deans, the selection process, positions and functions of which shall be as decided by the Board: Provided that appointment of Dean and Associate Dean shall be approved by the Chairperson. Head of Departments or Schools or Centres of academic and administrative units; Chief Warden; Wardens and Assistant Wardens of the Hostels and faculty associated facilities Subject to the budget provisions made for the specific purpose, the Director may incur expenditure in accordance with the procedure as may be laid down by the Board from time to time. 3) The Director may re-appropriate funds with respect to different items constituting the recurring budget up to such limit for each item as may be determined by the Board from time to time: Provided that such re-appropriation shall not involve any liability in subsequent years and every such re-appropriation shall, as soon as possible, be reported to the Board (4) The Director may waive recovery of over payment up to such limit as may be determined by the Board from time to time, made to an employee, not detected within twenty four months of payment and every such waiver shall, as soon as possible, be reported to the Board (5) The Director may write off irrecoverable losses and irrecoverable value of stores lost O rendered unserviceable due to fire, wear and tear on the recommendation of a Standing Committee appointed by the Board for such purpose subject to such financial limit; as may be specified by the Board from time to time. 6 The Director may employ technicians and workmen paid out of contingencies involving such emoluments as may be stipulated by the Board from time to time. The Director may send the employees for training Or for a course of instruction subject to such terms and conditions as may be laid down by the Board from time to time. 8 The Director may sanction remission or reduction of rent for buildings rendered wholly or partially unsuitable. (9) The Director may sanction temporary allocation of any building for any purpose other than that for which it was constructed_ (10) In exceptional cases, subject to availability of funds, the Director may create temporary posts with the approval of the Chairperson, of not more than two years duration on consolidated pay and under report to the Board. (11) The Director may exercise the powers of a Head of Department for the purposes of the Account Code, the Fundamental and Supplementary Rules and other rules of the Government in so far as they are applicable or may be made applicable to the conduct of the business of the Institute. (12) If for any reason, the Registrar is temporarily absent for a period not exceeding one month, the Director may take over, or assign to any employee of the Institute, any of the functions of the Registrar as he or she deems fit: