Amendment status not verified — confirm the current text below against the official source.
(ii) adequate financial resources for creating the specified Statutory Funds and conducting the University affairs; and (iii) experience/expertise in running higher Education Institutions. (2) After the establishment of the Permanent Statutory Endowment Fund, the State Government may, by notification, in the official Gazette, accord sanction for establishment of the University of unitary nature in the State by the name of “Khaja Bandanawaz University. (3) The headquarters of the University shall be at Kalaburagi. The University shall have Campuses or Regional Centers, Study Centers anywhere in Karnataka and subject to the prior permission of the State Government and as per University Grant Commission norms. (4) The First Chancellor, the pro-Chancellor, the First Vice-Chancellor, First members of the Board of Governors, First members of the Board of Management and the Academic Council and all persons who may hereafter become such officers or members, so long as they continue to hold such office or membership, shall constitute a body corporate and can sue and be sued in the name of the- University. (5) On sanction for the establishment of the University under sub-section (2), the land and other movable and immovable properties acquired, created, arranged or built by the Society for the purpose of the University shall vest in the University. 7 (6) In all suits and other legal proceedings by or against the University, the pleading shall be signed and verified by, and all processes in such suits and proceedings shall be issued to and be served on the Registrar. (7) The land, building and other properties of the University shall not be used for any purpose other than incidental to the objects of the University.