Transitional Provisions

Notwithstanding anything contained in this Act and the Statutes and Ordinances,—

1. (a) Any student of the Institute of the Society exercising any rights as per the guidelines of the AICTE before the date of commencement of this Act, who was studying or was eligible for any examination of the Institute, shall be permitted to complete his course in preparation thereof, and the University shall provide for such period and in such manner as it may decide for the instruction, teaching of such student in accordance with the courses of studies as per the guidelines of the AICTE and/or UGC. The students shall be permitted to appear at the different examinations held as per the guidelines of the AICTE and/or UGC for such period or periods as the AICTE guidelines may permit and be eligible to receive a degree, diploma, certificate or any other distinction as per the AICTE and/or UGC guidelines;
2. (b) Students who have been enrolled and have completed their registration in any of the Post Graduate Diploma in Management
3. (PGDM) programmes of the Institute prior to the issuance of the notification under sub-section (2) of Section (4) shall be eligible for the award of the respective Post Graduate Diploma in Management
4. (PGDM) from the Institute on qualifying for successful completion of the programmes within the next academic year.
5. (c) Students who have been enrolled and have completed their registration for the first year of the current academic year in any of the Post Graduate Diploma in Management
6. (PGDM) programmes of the Institute, after the issuance of the notification under sub-section (2) of Section (4) shall be eligible for the award of the Master’s or Doctoral degree, as the case may be, from the University on qualifying for successful completion of the programmes.
7. (d) Students who have been enrolled and have completed their registration in any of the Post Graduate Diploma in Management
8. (PGDM) or Fellow Programme in Management
9. (FPM) programmes of the Institute not more than 2 years prior to the issuance of the notification under sub-section (2) of Section (4) shall be eligible for award of the respective Masters in Business Administration
10. (MBA) or Doctoral
11. (PhD) degree, as the case may be, after qualifying for successful completion of the programme.
12. (e) The campus of the Institute of the Society shall be deemed to be the campus of the University;
13. (f) The Society shall be deemed to have permitted the use of its buildings and ancillary structures for the use of the University for administrative and academic purposes only: Provided that the assets and liabilities of the Society shall continue to be the assets and liabilities of the Society;
14. (g) Employees of the Institute of the Society, excluding those retained by it, shall be deemed to be the employees of the University with all their rights and privileges protected as per their contract of employment;
15. (h) All contracts made in the name of the Institute of the Society shall be deemed to be contracts made in the name of the University;
    • (i) All suits and legal proceedings taken by the Institute of the Society which are pending on the date notified in sub-section (2) of Section 4, shall be continued by the University.