Amendment status not verified — confirm the current text below against the official source.
(1) If the Sponsoring Body proposes the dissolution of the University it shall give a notice to that effect in the prescribed manner to the Government, the employees and the students of the University at least one year in advance: Provided that dissolution of the University shall take effect only after the last batches of students of the regular courses who have been admitted 26 Regulations. before issuance of notice have completed their courses and they have been awarded degrees, diplomas or awards, as the case may be. (2) On dissolution of the University all the assets and liabilities of the University shall vest in the Sponsoring Body, except the land, if any, leased out by the Government which shall be resumed by the Government.