10. (1) The President of the People's Republic of Bangladesh shall be the Chancellor of the University and shall preside at the convocation of the University for award of academic and honorary degrees, and in his absence the Vice-Chancellor shall preside at such convocations. (2) The Chancellor shall have such powers as may be conferred on him by this Act or the Statutes. (3) Every proposal for the conferment of an honorary degree shall be subject to the confirmation of the Chancellor. ¹[(4) The President may, if he thinks fit, direct that the powers of the Chancellor under this Act shall be exercised by such person as he may authorise in this behalf; and the powers exercised by the person so authorised shall be expressed to have been exercised in the name of the Chancellor.]