Chapter I PRELIMINARY

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1. Short title, extent and commencement

Statutory text

(1) This Act may be called the Institute of Chartered Financial Analysts of India University Act, 2005.
(2) It shall be deemed to have come into force on the date on which, the Notification is issued by the State Government.

Chapter I PRELIMINARY

2. Definitions

Statutory text

(1) In this Act, unless the context otherwise indicates: i) Academic Council means the Academic Council of the University; ii) Act means the Institute of Chartered Financial Analysts of India University Act, 2005; iii) AICTE means the All India Council for Technical Education established under Section 3 of the All India Council for Technical Education Act, 1987; iv) Affiliated College means a college or an institution which is affiliated to the University; v) Annual Report means the Annual report of the University as explained in Section 44 of the Act; vi) Board of Governors means the Board of Governors of the University as explained in Section 20 of the Act; vii) Board of Management means the Board of Management of the University as explained in Section 21 of the Act; viii) Chancellor means Chancellor of the University as explained in Section 13 of the Act. ix) Constituent College means a College or an institution maintained by the University; x) Development Fund means the Development Fund of the University as explained in Section 42 of the Act; xi) Distance Education System means the system of imparting education through any means of information technology and communication such as multimedia, broadcasting, telecasting, online over internet, other interactive methods, e-mail, internet, computer, interactive talk-back, e-learning, correspondence course, seminar, contact program or a combination of any two or more of such means; xii) Endowment Fund means Endowment Fund of the University as explained in Section 40 of the Act; xiii) Employee means employee appointed by the University; and includes teachers and other staff of the University or of a constituent college; xiv) Faculty means faculty of the University; xv) Finance Officer means Finance Officer of the University as explained in Section 17 of the Act; xvi) General Fund means General Fund of the University as explained in Section 41 of the Act; xvii) Prescribed means prescribed by the Statutes; xviii) Principal in relation to a constituent college means the Head of the constituent college and includes, where there is no Principal, the Vice-Principal or any other person for the time being appointed to act as Principal; xix) regional Center means a center established or maintained by the University for the purpose of coordinating and supervising the work of Study Centres in any region and for performing such other functions as may be conferred on such center by the Board of management; xx) Registrar means Registrar of the University as explained in Section 16 of the Act; xxi) Rules means the Rules of the University; xxii) Sponsor means the Institute of Chartered Financial Analysts of India, which is registered as a Society under the Andhra Pradesh (Talangana Areas) Public Societies Regsitration Act, 1350 Fasli (Act 1 of 1350 F) at Hyderabad, Andhra Pradesh (Registration No. 1602 dated 20th October, 1984); xxiii) State means the State of Meghalaya; xxiv) State Government means the State Government of Meghalaya; xxv) Statutes means the Statutes of the University; xxvi) Study Centre means a center established, maintained or recognized by the University for the purpose of advertising, counselling or for rendering any other assistance including training, conducting contact classes and administering examinations required by the students; xxvii) Teacher means a Professor Associate Professor, Assistant Professor/Lecturer or such other person as may be appointed for imparting instruction or conducting research in the University or in a constituent college or institution and includes the Principal of a constituent college or institution, in conformity with the norms prescribed by the UGC; xxviii) The CFA Charter and Designation means the Chartered Financial Analysts Charter and Designation, conferred by the University or by an agency duly authorized by the University upon the successful candidates of the Chartered Financial Analysts (CFA) Program administered by the University or by an agency duly authorized by the University; xxix) The CPA certificate and Designation means the Certified Public Accountant Certificate and Designation, conferred by the University or by an agency duly authorised by the University upon the successful candidates of the Certified Public Accountant Program administered by the University or by an agency duly authorised by the University; xxx) The Council of Chartered Financial Analysts means the Society which is registered under the Andhra Pradesh (Telangana Area) Public Societies Registration Act, 1350 Fasli (Act 1 of 1350 F) at Hyderabad, Andhra Pradesh (Registration No. 1809 dated August 19, 1989); xxxi) The Society of Certified Public Accountants means the Society which is registered under the Andhra Pradesh (Talangana Area) Public Societies Registration Act, 1350 Fasli (Act 1 of 1350 F) at Hyderabad, Andhra Pradesh (Registration No. 5575 dated August 17, 2001); xxxii) UGC means the University Grants Commission established under the University Grants Commission Act, 1956; xxxiii) University means the Institute of Chartered Financial Analysts of India University, established under this Act; xxxiv) Vice-Chancellor means Vice-Chancellor of the University as explained in Section 14 of the Act; xxxv) Visitors means the Visitor of the University as explained in Section 12 of the Act; xxxvi) DCI means the Dental Council of India; xxxvii)DEC means the Distance Education Council; xxxviii) INC means the Indian Nursing Council; xxxix) MCI means the Medical Council of India; xl) NCTE means the National Council for Teacher Education;

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