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(1) There shall be established a private University by the name of Establishment of Sri Guru Granth Sahib World University in the State of Punjab. (2) The University shall be run and managed by the Trust in accordance with the provisions of this Act. (3) The University shall be a body corporate by the name specified in sub-section () and shall have perpetual succession and a common seal. It shall have the power to acquire, hold, dispose of property, both moveable and immoveable and to make contract, and shall sue and be sued by its name. (4) The headquarters of the University shall be at Fatehgarh Sahib.