Amendment status not verified — confirm the current text below against the official source.
Relinquishment of management of the University.- (1) After the expiry of the period specified in sub-section (1) of section 61, the management of the University shall vest in accordance with the order, if any, of any court and if there be no such order, vest in the Governing Council or managing committee or sponsoring body (by whatever name called) of the University or such other body or person, as the case may be, entitled thereto. (2) If at any time before the expiry of the period referred to in sub-section (1) of section 61, it appears to the Government that the purpose of vesting of the management of the University in the Government has been fulfilled or that for any other reason it is not necessary that the management of the University shall remain vested in the Government, it may, by order published in the official Gazette, relinquish the management of the University with effect from such date as may be specified in the order. (3) On and from the date specified under sub- section (1) the management of the University shall be transferred in accordance with the order, if any, of any court, and if there be no such order, shall be transferred to the Governing Council or managing committee or sponsoring body (by whatever name called) of the University or such other body or person, as the case may be, entitled thereto.