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THE ABASYN UNIVERSITY ACT, 2009 THE ABASYN UNIVERSITY ACT, 2009. (1[KHYBER PAKHTUNKHWA] ACT NO. XIII OF 2009) [First published after having received the assent of the Governor of the 1[Khyber Pakhtunkhwa] in the Gazette of 1[Khyber Pakhtunkhwa] (Extraordinary) ,dated the 24th October, 2009] 1.Substituted vide Khyber Pakhtunkhwa Act No. IV of 2011 AN ACT to provide for the establishment of a University at Peshawar in the name of Abasyn University. Preamble.---WHEREAS it is expedient to provide for the establishment of a University at Peshawar in the name of Abasyn University, in the private sector, and for matters ancillary thereto; It is hereby enacted as follows: CHAPTER -IV AUTHORITIES OF THE UNIVERSITY 25. Power of the Board of Directors.--- The Board of Directors shall‑ (a) own, hold, control, and administer the property, funds and resources of the University and raise funds for the purpose of the University upon such Security as may be required under Regulations; (b) undertake responsibility for the financial viability of the University, including responsibility for ensuring effectiveness of its operations and their continuity; and (c) consider and pass the resolution of the annual report, plan of work, statement of accounts and the annual budget estimates as recommended by the Senate.