Amendment status not verified — confirm the current text below against the official source.
be self financed THE ASSAM GAZETTE, EXTRAORDINARY, MAY 8, 2007 activities like games, sports. National Service Scheme, National Cadet Corps. Scouts and Guides etc. for the benefit of students as per the norms laid down by the regulating bodies; (viii) give undertaking for establishment of provident fund and to take up welfare programmes for the employees of the university; and (ix) fulfill such other conditions and provide such other information as may be prescribed by the University Grants Commission, All India Council for Technical Education or any other statutory body established by the law of the Union or State Government. (2) The sponsoring body shall fulfil the requirements and conditions specified in sub-section (1) and shall report the compliance to the State Government within a maximum period of two year from the date of issue of the letter of intent. On receiving the compliance report, the State Government shall appoint a committee consisting of such members, including the representative of the regulating bodies, as may be specified, to verify the compliance report. The committee shall submit its report to the State Government within one month from the date of its constitution specifying whether the sponsoring body has fulfilled the requirements and conditions laid down in sub-section (1). (3) If the sponsoring body has failed to comply with the provisions of sub-section (2), its proposal submitted under section d shall slrind rejected and the letter of intent issued under sub-section (1) shall be deemed to have been withdrawn. The Government, if satisfied, after considering the report submitted under sub-section (2) of section 5 that the sponsoring body has complied with the provisions of sub-section (1) of section 5, may, by an Act of the State Legislature, establish a private university with such name, location, jurisdiction and with such infrastructure as may be specified in the Schedule. Every university established by an Act of the State Legislature under section 6 shall be a body corporate by the name as specified in the Act and shall have perpetual succession and a common seal. It shall have the power to acquire and hold properly both movable and immovable and to make contract, and may sue and be sued by the said name. I he university shall be self financed and shall not be entitled to receive any grant or other financial assistance from the State Government. U IH j^ S A M G AZErrE, EXTRAORDINARY, MAY 8. 2007