5. (1) The Commission shall-
(a) assess the needs in the field of University education and formulate plans for the development of such education;
(b) determine the financial needs of the Universities;
(c) receive funds from the Government and allocate and disburse, out of such funds, grants to the Universities for their maintenance and development;
(d) evaluate the programmes under implementation for development of University teaching departments, institutes and other constituent institutions;
(e) examine all kinds of University development plans;
(f) collect statistical and other information on University matters;
(g) advise the Government on the establishment of new Universities or on proposals for expansion of the existing Universities;
(h) advise the Government on proposals to grant the right to confer special degree-awarding status on colleges which may be considered suitable for such status;
(i) exercise such other powers and perform such other functions as may be conferred on it by any law or by the Government.
(2) The Commission shall have the right to visit the Universities or to have them visited by teams of experts as and when necessary for evaluating their programmes and assess their needs and requirements.
(3) If any University fails within a reasonable time to comply with any recommendation made by the Commission, the Commission may, after taking into consideration the cause, if any, withhold from the University the grants proposed to be made out of the Fund of the Commission.