law: 31.Statutes.
  Subject to the provisions of this Act, the Statutes may provide for all or any of the following matters, namely:-
  (a) the formation of departments of teaching;
  (b) the institution of fellowships, scholarships, exhibitions, medals and prizes;
  (c) the terms of office and the method of appointment of officers of the Institute;
  (d) the qualifications of teachers of the Institute;
  (e) the classification, method of appointment and the determination of the terms and conditions of service of teachers and other staff of the Institute;
  (f) the constitution of pension, insurance and provident funds for the benefit of the officers, teachers and other staff of the Institute as per the provisions existing from time to time;
  (g) the constitution, powers and duties of the authorities of the Institute;
  (h) the establishment and maintenance of halls and hostels;
  (i) the conditions of residence of students of the Institute and the levying of fees for residence in the halls and hostels and of other charges;
  (j) the allowances to be paid to the Chairperson and members of the Board;
  (k) the authentication of the orders and decisions of the Board;
  (l) the meetings of the Board, the Senate, or any committee, the quorum at such meetings and the procedure to be followed in the conduct of their business; and
  (m) any other matter as may be considered necessary for the efficient functioning of the Institute.