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The University also issued a circular to all its faculty and appeal them to donate any amount to the deceased students family before November 30th.
The ABVP had asked Baisoya to step down and suspended him till an inquiry into the allegations against him.
Electioneering will be back on college and university campuses after 28 long years.
AICC joint secretary and NSUI national in-charge Ruchi Gupta said it was a vindication of the NSUI's stand that Baisoya is a "fraud".
Speaking at the 95th convocation of the varsity, DU vice-chancellor Yogesh Tyagi had said the university has a zero-tolerance policy towards corruption.
Before entering BJP, he worked as a full-time ABVP worker for 10 years, including his stint as its state secretary and national general secretary.
A group of BJP/RSS/Yuva Morcha activists had assembled outside the school to assist students affiliated to the ABVP and they assaulted the students linked to the SFI.
Rao asked the UoHSU not to give anyone an opportunity to tarnish the university’s image.
After eight long years, the Akhil Bharatiya Vidyarthi Parishad (ABVP) has managed to sweep the University of Hyderabad students union elections.
ABVP sweeps University of Hyderabad Students Union election after eight years; Aarti Nagpal voted president
The RSS-backed ABVP coming to power in UoH SU elections after eight years, marks a drastic shift in the ideological orientation of the varsity that has been dominated by Left-backed SFI or the ASA.
College principal K Mohankumar said the NSS has also informed to call an emergency meeting to solve the issue.
The National Students' Union of India, had alleged that the ABVP leader had produced a fake certificate from the Thiruvalluvar University for getting admission to Delhi University.
The elections would also be unique in terms of having a woman majority panel given out by UDA.
AISA's Balaji, who was elected JNUSU president, tells Sanskriti Talwar why the university flag has always been Red.
There was misuse of funds and corruption.