Issue of Letter of Intent

(1) After receiving the report of the committee constituted under section 4, if the State Government is satisfied that it is desirable to establish the university, it may issue a letter of intent and ask the sponsoring body to: (i) establish an endowment fund in accordance with the provisions of section 11 of this Act. (ii) if not already available, acquire in its own name at least 10 acres of land outside the municipal area or 5 acres of land inside the municipal area. (iii) if not already available, construct at least 10,000 square meters of covered space for administrative purposes and for conducting academic programs. (iv) purchase books and journals worth at least Rs. 10 Lakhs or as per the standards of regulatory bodies, whichever is higher, and give an undertaking that within the first three years it will invest at least Rs. 50 Lakhs or as per the standards of regulatory bodies, whichever is higher, on books, journals, computers, library networking and other facilities so that library facilities for contemporary education and research become sufficient. (v) purchase equipment, computers, furniture and other movable and immovable assets and infrastructure facilities (distinct from the buildings specified in clause (iii) above) worth Rs. 20 Lakhs or as per the standards of regulatory bodies, whichever is higher; and will procure assets and infrastructure facilities worth at least Rs. 1 Crore or as per the standards of regulatory bodies, whichever is higher. (vi) give an undertaking that the university will appoint at least one Professor, two Associate Professors and a sufficient number of Assistant Professors along with the necessary supporting staff in each department or subject started by the university. (vii) give an undertaking that it will provide facilities for course-related activities for the benefit of students, such as seminars, debates, quiz programs and extra-curricular activities, such as sports, games, National Service Corps, National Service Scheme, Scouts and Guides etc., as per the standards of regulatory bodies. (viii) give an undertaking that it will establish a Provident Fund for the employees of the university and adopt welfare programs. (ix) fulfill the conditions prescribed by the University Grants Commission, All India Council for Technical Education or any other statutory body established by any law of the Central Government or State Government and provide other information as prescribed. (2) The sponsoring body shall fulfill the requirements and conditions specified in sub-section (1) and shall provide a compliance report to the State Government within a maximum of two years from the date of issuance of the letter of intent. (3) If the sponsoring body fails to comply with the provisions of sub-section (1), its proposal submitted under section 4 shall be rejected and the letter of intent issued to it under sub-section (1) shall be deemed to have been withdrawn. (1) (v) immovable assets and infrastructure facilities (other than buildings, referred to in clause(iii) above) worth rupees 20 lacs or as per the norms of regulating 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(iii) above) worth not less than rupees one crore or as per the norms of regulating bodies, whichever is higher; (vi) give undertaking to appoint at least 1 Professor, 2 Readers and adequate number of Lecturers along with necessary supporting staff in each department or discipline to be started by the University or as per norms of the regulating body; (vii) give undertaking to take up co-curricular activities like seminars, debates, quiz programmes and extracurricular activities like games, sports, National Service Scheme, National Cadet Corps, Scouts and Guides etc. for the benefit of students as per the norms laid down by the regulating bodies; (viii) give undertaking for establishment of provident fund and to take up welfare programmes for the employees of the University; and (ix) fulfill such other conditions and provide such other information as may be prescribed by the University Grants Commission, All India Council for Technical Education or any other statutory body established by the law of the Union or State Government. (2) The sponsoring body shall fulfil the requirements and conditions specified in sub-section(1) and shall report the compliance to the State Government within a maximum period of two year from the date of issue of the letter of intent. (3) If the sponsoring body has failed to comply with the provisions of sub-section (1), its proposal submitted under section 4 shall stand rejected and the letter of intent issued under sub-section (1) shall be deemed to have been withdrawn.