Restriction on alienation of property of aided colleges

Restriction on alienation of property of aided colleges.

1. (1) Notwithstanding anything contained in any law for the time being in force, no sale, mortgage, pledge or transfer in respect of any property of an aided college shall be made or created except with the previous permission of competent authority. No such permission shall be granted if, in the opinion of the competent authority, such permission will adversely affect the working of the college.
2. (2) Any transaction made in contravention of sub-section
3. (1) shall be null and void.