Amendment status not verified — confirm the current text below against the official source.
(1) The Sponsor shall establish an endowment fund in accordance to the provisions of section 43. (2) The Sponsor shall— (i) procure minimum Twenty-five acres of land, in case the campus is proposed to be established within a Municipal Corporation or Fifty acres of land, in case the campus is proposed to be established at any other place and submit its ownership papers to the State Government; (ii) make available a minimum built up area of 10,000 square meters in the form of buildings, and ancillary structure for administrative purposes and for conducting the academic programmes; (iii) purchase books and journals at least worth Rupees Ten lakhs or as per the norms of the Regulatory Bodies, whichever is higher in the first year and to invest not less than Rupees fifty lakhs or as per norms of the Regulatory Bodies, whichever is higher on books, journals, computer networking and other facilities to make the library facilities adequate for contemporary teaching and research within first three years; (iv) purchase equipments, computers, furniture, other movable and immovable assets and infrastructure facilities other than buildings, referred to in clause (ii) above worth rupees twenty lakhs or as per the norms of Regulatory Bodies, whichever is higher, and give undertaking to procure within the first five years, equipments, computers, furniture, other movable and immovable assets and infrastructure facilities other than buildings, referred to in clause (ii) above worth not less Right to establish the University. Establishment of University. than rupees one crore or as per norms of the Regulatory Bodies, whichever is higher; (v) give an undertaking — (a) to appoint at least one Professor, two Readers and adequate number of Lecturers on full time basis along with necessary supporting staff in each department or discipline of the University prior to the date such department or discipline is started; (b) to take up co-curricular activities to foster a proper academic and healthy environment, such as seminars, debates, quiz programmes and extra curricular activities like games, sports, National Service Scheme, National Cadet Corps etc. for the benefit of students as per the norms laid down by the Regulatory Bodies; (c) to establish welfare programmes for the employees of the University; (d) to fulfil such other conditions and provide such other informations as may be prescribed by the Regulatory Bodies from time to time; (e) that the programmes of study leading to a degree or a post graduate degree or diploma offered by a University shall conform to the relevant regulations or norms of the UGC or the concerned Regulatory Body as amended from time to time; (f) that the admission procedure and fixation of fees shall be in accordance with the norms or guidelines, if any, prescribed by the Regulatory Bodies; (g) that the teaching staff of the University shall have at least the minimum qualifications prescribed by the UGC or other concerned Regulatory Bodies, and be paid appropriate emoluments; (h) that the University shall be open to all persons of either sex, and it shall not discriminate on grounds of caste, creed, religion, race, and it shall not be lawful for the University to adopt or impose on any person, any test whatsoever of religious belief or any profession in order to entitle him to be appointed as a teacher of the University or to hold any other office therein or to be admitted as a student or to enjoy or exercise any privilege thereof; (i) to fulfil such other conditions and provide such other information as may be prescribed by the Regulatory Bodies.