Amendment status not verified — confirm the current text below against the official source.
Establishment of the University. (1) After the enactment, the Government, may direct the Sponsoring Body through an order in the form of a letter of Intent to establish a Permanent Statutory Endowment Fund as specified in the Act. (2) After the establishment of the Permanent Statutory Endowment Fund, the Sponsoring Body shall convey its readiness to the Government for starting the activities of the University within a period of one year. (3) Upon receiving the letter from the Sponsoring Body confirming its readiness under section 3 and sub-sections (1) and (2), the Government shall constitute a verification Committee consisting of the following members; (i) The Additional Chief Secretary of Higher Education as the Chairperson; (ii) Two ex-officio members representing the Government on the Karnataka State Higher Education Council of their nominees as members; (iii) Two senior academicians in the relevant discipline not below the rank of serving of former Vice-Chancellors as members; and (iv) Executive Director of the Karnataka State Higher Education Council as Member Secretary. (4) the Committee shall verify the preparedness of the Sponsoring Body to Commence the academic programs or courses as per the norms and standards specified by UGC or Regulatory Authorities of relevant disciplines and after holding such inquiry as it may deem necessary , submit its Report. After considering the Report of the Verification Committee, the Government may, by notification, accord sanction for the establishment of public-private- partnership University of Unitary in nature in the State by the name of “St. Joseph`s University.” (5) The headquarters of the University shall be at its main campus at Bengaluru. The University may have its off-Campus, Centres or Institutions anywhere in the State after five years of establishment with the prior permission of the Government and UGC norms. (6) The First Chancellor, the First Pro-Chancellor, the First Vice- Chancellor, the First Registrar, the First Controller of Examinations, the First Finance Officer, the members of the Board of Governors, First members of the Board of Governors, the 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. (7) On sanction for the establishment of the University under sub-section (4), the land and other movable and immovable properties acquired, created, arranged or built by the Sponsoring Body for the purpose of the University shall vest in or with the University. (8) 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. (9) 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.