17. Subject to the other provisions of this Ordinance, the Syndicate shall have the general management of, and superintendence over, the affairs, concerns and property of the University, and shall exercise such superintendence in accordance with the provisions of this Ordinance, the Statutes and the University Ordinances made thereunder. In particular it-(a) shall determine the form, provide for the custody, and regulate the use of the common seal of the University;(b) shall hold, control and administer the property and funds of the University, and make contracts on behalf of the University;(c) shall have power to transfer and accept transfer of any movable or immovable property on behalf of the University in accordance with the Statutes that may be prescribed;(d) shall manage and regulate the finances, accounts and investments of the University;(e) may invest any moneys belonging to the University, including any unapplied income, in any of the securities described in section 20 of the Trusts Act, 1882, or in the purchase of immovable property in Bangladesh with the like power of varying such investments, or may place on fixed deposits in any approved Bank any portion of such moneys not required for immediate expenditure;(f) shall administer any funds placed at the disposal of the University for specific purposes;(g) shall consider and pass the budget of the University;(h) shall admit colleges to the privileges of the University, subject to the provisions of this Ordinance and under such conditions as may be prescribed by the Statutes;(i) shall arrange for and direct the inspection of colleges and Teaching Departments;(j) may institute such teaching or administrative posts as it may consider necessary;(k) may abolish or suspend any existing teaching or administrative post in the University;(l) shall, subject to the other provisions of this Ordinance and the Statutes, appoint the officers on the recommendation of the Vice Chancellor, and teachers on the recommendation of the Selection Board, and shall determine their duties and conditions of appointment;(m) may confer and grant degrees and diplomas;(n) shall, subject to the other provisions of this Ordinance, regulate, determine and administer all matters concerning the University, and, to this end, shall exercise all other powers not otherwise provided for by this Ordinance, or the Statutes and the University Ordinances; and(o) may delegate any of its powers to an officer or an Authority of the University or to a committee or sub committee appointed for a specific purpose.