26. (1) The Syndicate shall be the Executive Body of the University, and, subject to the provisions of this Act and the powers conferred on the Vice-Chancellor, the Syndicate shall have the general management of, and superintendence over, the affairs, concerns and properties of the University and shall see that the provisions of this Act, Statutes, University Ordinances and Regulations, for the time being in force, are observed. (2) In particular and without prejudice to the generality of powers to be exercised under sub-section (1) the Syndicate shall- (a) hold, control and administer the property and funds of the University and, for these purposes, obtain advice, on matters of finance from Finance Committee; (b) determine the form, provided for custody and regulate the use of the common seal of the University; (c) lay before the Commission annually of full statement of the financial requirements of the University, together with a full statement of all the bequests received by the University; (d) administer any funds placed at the disposal of the University for specific purposes; (e) appoint, subject to the provisions of this Act and the Statutes, officers other than the Vice-Chancellor and teachers, clerical staff and other employees of the University, define their duties and conditions of service and provide for the filling temporary vacancies in their posts; (f) affiliate or disaffiliate, subject to the Statutes, a college or institute and approve or withdraw approval of a hostel not maintained by the University; (g) accept, on behalf of the University, transfer of any property, both movable or immovable; (h) arrange for the holding of, and publish the results of, the University examinations; (i) regulate and determine, subject to the powers conferred by this Act on the Vice-Chancellor, all matters concerning the University in accordance with this Act, the Statutes and the University Ordinances; (j) arrange for, and direct the inspection of all affiliated colleges, institutes and hostels; (k) make, amend or repeal the Statutes; (l) frame University Ordinances consistent with the provisions of this Act and the Statutes; (m) consider and pass resolutions on the Annual Report, the Annual Accounts, the Finance Estimates; (n) institute Professorships, Associate Professorships, Assistant Professorships, Lecturerships or other teaching posts and research positions in accordance with the Statutes and recommendations of the Academic Council; (o) institute new teaching and Research Departments with prior approval of the Commission and in accordance with the Statutes and recommendations of the Academic Council; (p) abolish or suspend any Professorship, Associate Professorship, Assistant Professorship or Lecturership or other teaching posts and research positions in accordance with the Statutes and recommendations of the Academic Council; (q) abolish or suspend department or institute in accordance with the Statutes and recommendations of the Academic Council; (r) accord recognition to a Scholar as a teacher of the University in accordance with the provisions of the Statutes and recommendations of the Academic Council; (s) delegate, subject to such conditions as may be prescribed by Regulations, its power to appoint clerical staff and other employees to such person or Authority as the Syndicate may determine on the recommendation of the Vice-Chancellor; (t) abolish or suspend any administrative, clerical and other non-teaching posts; (u) manage and regulate the finances, accounts, investments, property and all administrative affairs, whatsoever of the University and, for that purpose, appoint such agents as it may think fit; (v) accept bequests, donations and transfer of property to the University; (w) provide for buildings, premises, furniture, apparatus, equipment and other means needed for carrying on the work of the University; (x) after report from the Finance Committee, enter into, modify, carry out, confirm and cancel contracts on behalf of the University; (y) invest any money belonging to the University, including any unapplied income, in any of the securities described in section 20 of the Trust Act, 1882, or in the purchase of immovable property in Bangladesh with the like power of varying such investments or place on fixed deposit in any bank any portion of such money not required for immediate expenditure; and (z) exercise such other powers and perform such other duties as may be conferred or imposed on it by the Statutes. (3) At least one-third of the total number of members shall be present to constitute a quorum of a meeting of the Syndicate.