Exit and Closure of FHEI Campus

Exit and Closure of FHEI Campus.—

1. (1) A Foreign Higher Educational Institution intending to close its campus in the Union Territory shall—
   • (a) give at least two academic years notice to the Government and the University Grants Commission;
   • (b) make arrangements for the completion of courses by enrolled students or their transfer to other recognized institutions;
   • (c) settle all outstanding liabilities towards students, faculty, and staff ;
   • (d) submit a closure plan to the Regulatory Authority for approval.
2. (2) The Government may, after consultation with the University Grants Commission, revoke the permission granted to the Foreign Higher Educational Institution if it—
   • (a) fails to maintain the standards as specified under the UGC Regulations ;
   • (b) violates the provisions of the Foreign Exchange Management Act, 1999 ;
   • (c) engages in activities prejudicial to the sovereignty, integrity, or security of India.
3. (3) Upon revocation or voluntary closure, the Endowment Fund or security deposit shall be utilized first for settling liabilities towards students and employees.