(Constituted under Clause 13(a) of the Fund Trust Deed dated (7 February, 2017)
These Rules may be called the “UNIVERSITY OF WAH STUDENT RESEARCH FUND RULES”.
These Rules shall come into force from the date of execution of the University of Wah Student Research Fund Trust Deed.
The Fund bears the following Governing bodies
As defined in the Trust Deed
As provided in clause 5(e) of the Trust Deed dated 7 February, 2017. the Board hereby constitute an Executive Committee, in order to manage financial and operational activities of the Fund. The Committee shall consist of not less than 05 members. However, all members shall be ex-officio members.Structure of Executive Committee
|Deputy Director Student Affairs||Secretary|
Concerned Chairperson(s)/ Directors (s)
(Invitation to Co-opted members will be extended by the Chairman of the Committee on behalf of the EC. Co-opted members will form part of quorum and can also cast vote, except where conflict of interest exist or established, such member(s) cannot cast vote.)
The EC will function on behalf and under the direction of the Board. EC will be responsible for the management of all aspects of the Fund. EC will also guide, supervise and explore various activities for raising funds. EC is responsible for preparing and presenting, to the Board, the progress reports of the activities at-least once a year. To institute, conduct, defend or abandon any legal proceeding by or against the Fund or its officers or otherwise, concerning the affairs of Fund. Decisions by EC will be made by majority. EC may recommend any amendment, addition or deletion of any rule, to the Board for approval.
Except seed money all Fund proceeds including profit and donations will be subject to utilization under following categories as under.
All external funding for specific category/ purpose will be considered as donation to the fund and will be utilized for the purpose against which donated or under the same category.
All funding shall be in line with the relevant applicable provisions of UW Scholarship Guidelines. However, an amount not exceeding 10% of donation(s) each year will be specifically meant for funding under this category as on long as principal amount is below Rs. 100.00 million.
The Fund not only provides scholarships and stipend to the selected PhD students but also provides following financial support as an alternate option:-
Limited no. of PhD students will be granted tuition fee waivers, if they are willing to sign an undertaking for completion of the program and doing TA/RA duty (5 contact hours per week). The tuition fee waiver will be granted for on campus duration to full time students only, subject to satisfactory academic performance of the scholar.
PhD students will be facilitated in form of following support to facilitate their research and academic activities:
The eligibility criteria are determined on the basis of following aspects:
The Loan facility will be available for entire duration of the stay on successfully maintaining above mentioned CGPA. The facility at later stages may also cover besides scheduled fees; boarding expense less meal charges and allowance for books (the fees and boarding expense will be directly paid to the University).
Students with following attributes are ineligible to avail the Loan:
Students who withdraw from University/migrate while receiving scholarship/ financial aid will be subject to a return of funds they have received.
Every beneficiary shall be required to submit a guarantee acceptable to the Executive Committee for the return of the loan as per agreed mode and schedule. The guarantor shall undertake to pay the amount to the University in case of default by the beneficiary.
The maximum period of repayment of loan is 6-Years from the date of disbursement of first installment. The beneficiary shall be encouraged to repay the loan as early as possible. Latest should be in monthly installments (minimum of Rs 10,000/-) after six months from the date of first employment or one year from the date of completion of studies at UW, whichever is earlier.
To ensure no undue burden is placed on the recipients of this assistance, repayment plan can also be strictly income based (25% of the pre-tax income of initial seven years after leaving UW). The only evidence required from beneficiaries of the programs shall be copies of their national income tax returns. However, any balance payable due at 10 years from initial payment has to be refunded in full as the last installment.
All research funding will be subject to approval and sanction of EC. All funding proposal may be processed as per underlying procedure. However any proceed(s) realized in consequence thereof will be credited to the Fund in the proportion of funds consumed.
All faculty member(s) willing to conduct research project/ work are required to submit technical and financial proposal to the Secretary EC for consideration and approval. Accordingly, release of funds will be subject to terms and conditions as assigned by the Committee or other-wise laid down in the guidelines referred for commercial based Projects.
All applicants are also required, to submit desired information as given in (Annexure B) for grant of financial award for publication in HEC/UW recognized local/ international Journals/ Magazines.
Allocation of funds against all commercial based project proposals shall be line with following operating procedures and guidelines given at Annexure C.
All Lab. Development proposals will be subject to approval by the EC. Moreover all procurements shall be in line with the applicable provisions of Purchase Rules and Procedures. However all cross boarder procurements will preferably be executed through LC.
The Fund accounts shall be audited by an audit firm duly registered with ICAP and duly appointed by the Executive Committee for this purpose.