Amendment status not verified — confirm the current text below against the official source.
Establishment of the University. (1) Where the State Government, after considering the recommendations of the Screening Committee and holding such inquiry as it may deem necessary, is satisfied that,- (i) the trust has ability to run an University with sufficient infrastructure. (ii) owns a land to the extent specified below in accordance with its location namely:- (a) twenty five acres of land if it is within limits of Bruhat Bangalore Mahanagara Palike; (b) forty acres of land if it is outside the limits of Bruhat Bangalore Mahanagara Palike but within Bangalore Metropolitan Region Development Authority Area; (c) not less than fifty acres of land in the places other than the places specified in clauses (a) and (b). (iii) The land specified above shall consists of a single block and it shall be in the name of the concerned trust or institution or university itself. Based on the furnished particulars required in sub-section (3) of section 3, the Government may direct the trust to establish the permanent Statutory Endowment Fund as specified in section 48. (iv) Adequate financial resources for creating the specified statutory funds and conducting the University affairs; and (v) Experience or 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 in nature in the State by the name of New Horizon University. (3) The headquarters of the University shall be at Bengaluru. The University shall have Campus. or Regional Centers, study centers anywhere in Karnataka after five years of establishment of the University subject to the prior permission of the State Government and as per the norms of University Grants Commission. (4) The First 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 trust for the purpose of the University shall vest in the University. (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.