Amendment of Section 33

(1) If the Sponsoring Body proposes to dissolve itself or wants to discontinue the functioning of university or has failed to follow the provisions of the Adhiniyam, it shall inform the Regulatory Commission of opinion by which it shall ensure completion of courses and conduct of examinations and it shall announce the prospective date from which it shall not admit any new students. (2) The Regulatory Commission on receipt of such information shall have the right to issue such directions to the Sponsoring Body for the fulfilment of its obligations under sub-section (1) as it may deem necessary. If the Sponsoring Body contravenes the provisions of sub-section (1), the Endowment Fund shall be forfeited by Regulatory Commission and the Commission shall make arrangements for completion of courses, conduct of examinations, award of degrees etc. of students of the university either by undertaking the job itself or by assigning the job to some other university in such manner that the interest of the students are not affected adversely in any manner. Expenditure made for these arrangements for the students shall be made good from the money deposited in the endowment fund and/ or General Fund of the university.