Amendment status not verified — confirm the current text below against the official source.
Establishment of the 1[University]1.- (1) W here the State Government, after considering the recommendations of the screening Committee and holding such inquiry as it may deem necessary, is satisfied that the Foundation has ability to run an 1[University]1 with sufficient infrastructure based on the furnished particulars required in sub-section (3) of section 3, it may direct the foundation to establish the permanent Statutory Endowment Fund as specified in section 47. (2) After the establishment of the Permanent Statutory Endowment Fund, the Government may, by notification, in the official Gazette, accord sanction for establishment of the university of unitary in nature as an 1[University]1 in the State by the name of "[University] of Trans-Disciplinary Health Sciences and Technology". (3) The headquarters of the 1[University]1 shall be at such place, as may be decided by the Sponsoring Body in the State. The 1[University]1 shall have Campuses or Regional Centres, Study Centres within the state subject to norms of UGC and other National Accreditation bodies. (4) The First Chancellor, the First 1[the Vice Chancellor]1, 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- 1[University]1. 8 (5) On sanction for the establishment of the 1[University]1 under sub-section (2), the land and other movable and immovable properties acquired, created, arranged or built by the Foundation for the purpose of the 1[University]1 shall vest in the 1[University]1. (6) In all suits and other legal proceedings by or against the 1[University]1, 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 1[University]1 shall not be used for any purpose other than incidental to the objects of the 1[University]1