University, the locus of knowledge production and dissemination, has structures of governance with constitutional forms and processes through which it governs its affairs. The University of Rajasthan is the flagship institution in Rajasthan based on its illustrious past, pioneering academic fraternity, democratic temper and inclusive frame. Despite the setting up of universities in other cities of Rajasthan, University of Rajasthan has the highest student enrolment on the basis of the its courses as well as the amenities it offers to its students. A multi faculty university, it caters to the needs and aspirations of a large number of students not only from Rajasthan but also from neighbouring States and across India. The University of Rajasthan is governed by the University of Rajasthan Act, 1946. It has elaborate rules and procedural details for governing the university. This worked very well till the 70s but after that somewhere down the years, procedures were flouted, rules broken and system jeopardized. This led to the government stepping in and laying restriction on the university governance. Massification of higher education to address the issue of access and equity posed several challenges for HEIs like University of Rajasthan, whose jurisdiction was spread almost all over the state till 1987. The university focused only on managing the huge numbers. Being a state university, the challenges were compounded due to dependence on the state for funds. The chapter will discuss the issues of governance and management at University of Rajasthan. These will be divided as governance practices at systemic and institutional level, issues of autonomy in financial and academic matters, shared governance practices, challenges in achieving good governance and effective management of its affairs.