Amendment status not verified — confirm the current text below against the official source.
(1) The Governing Board in consultation with the Sponsoring Society may recommend to the State Government to dissolve the University by giving notice to this effect in such manner as may be prescribed by the State Government in this behalf, to the employees and students of the University at least one year in advance: Provided that the University shall not be permitted to serve notice for winding up within a period of ten years from the date of coming into effect of this Act. (2) The State Government on receiving the notice referred to under sub- section (1) shall appoint an Administrator by replacing the Governing Board and the Chancellor and the Administrator thereafter shall act as the supreme authority during the process of winding up. (3) The properties of the University as well as the Endowment Fund of the University shall be used by the Administrator during the process of winding up in such manner as may be prescribed. (4) The dissolution of the University shall have effect only after the last batch of the students of the regular courses have completed their courses and have been awarded degrees, diplomas or awards, as the case may be. SCHEDULE A (See sub-section (1) of section 3.) The Ritnand Balved Education Foundation, an educational and charitable society registered under the Societies Registration Act, 1860 vide Registration No. S/16683, dated 14.05.1986 and registered before the Registrar of Societies, New Delhi. SCHEDULE B (See sub-section (1) of section 4.) Schedule of Land All that piece and parcels of land measuring about 40371.25 Square metre (9.98 acres), appertaining to Plot No. IIA-36, 37, and 38, in Action Area-II situated at the New Town, Kolkata, Police Station, New Town, District, North 24-Parganas, presently in the Panchayat area falling within Mouza-Kadampukur, J.L. No. 25 under New Town Police Station, Gram Panchayat Patharghata , butted and bounded thereto and vested to the University absolutely. 21 of 1860. By order of the Governor, SIDDHARTHA CHATTOPADHYAY, Secy.-in-Charge to the Govt. of West Bengal, Law Department. Published by Law Department, Government of West Bengal and Printed at Saraswaty Press Ltd.(Government of West Bengal Enterprise), Kolkata 700 056.