Conditions for establishment of Private University: - For the purpose of establis

4. Conditions for establishment of Private University: - For the purpose of establishing a Private University under this Act, the sponsoring body shall fulfill the following conditions, namely: - (1) possess contiguous land of not less than (a) a minimum of 05 acres of land within municipal corporation limits; and (b) a minimum of 15 acres of land outside municipal corporation. झारखण्ड गजट (असाधारण) सोमवार, 25 नवम्बर, 2024 For the purposes of this section, "possession" means possession either by way of ownership or as a lessee having a perpetual lease for a minimum period of thirty years: Provided that the land in the name of a college or educational institution established by the sponsoring body shall also be deemed to be duly possessed by a sponsoring body for the purpose of establishing a Private University under this Act: Provided that, the sponsoring body shall not sell, transfer or lease out such land or any part thereof and also shall not use it for any purpose other than the purposes mentioned in this Act for the functioning of the University: Provided further that such land shall not be mortgaged to any person other than a bank or financial institution established under any law for the time being in force for any purpose other than availing loan for establishing the University. (2) create a Permanent Endowment Fund as given below: (a) Rs 10 Crore for land possessed within municipal corporation limits; and (b) Rs 7 Crore for land possessed outside municipal corporation. (3) construct on land referred to in the section-4(1), at least 12000 Sqm of built up area for administrative and academic purpose including library, lecture theatre, auditorium, student resource centres, sports facilities and laboratories. Adequate residential accommodations for teachers, guest houses, hostels, should be constructed, which shall gradually be increased to accommodate at least 25% of student strength in each course within 3 years of existence. The University should be built on the principles of a Green Campus which should be using energy efficient appliances and set up water harvesting facilities. In case University is conducting professionals’ program of study, prevailing norms and standards of UGC and respective regulatory body shall be applicable. (4) install equipment, computers, furniture, assets, infrastructural facilities other than building mentioned in the Section-4(3) and other consumables and non-consumables as the norms prescribed by UGC and the respective regulatory body. (5) appoint teachers for the purposes of teaching as per the standards and regulations laid down by the UGC, appoint at least one Professor, two Associate Professors and three Assistant Professors having prescribed qualifications by UGC and necessary supporting staff members in each department or discipline. At least seventy-five per cent of the regular teachers in each department/discipline shall be regular employees of the University. The University shall make provisions for reservation of non-teaching posts in the university for the persons domiciled in the State of Jharkhand to the extent of at least seventy-five percent of the total number of non-teaching posts of the University. The reservation of seats shall be regulated by the laws and orders of the State Government from time to time. (6) purchase of books, journals, periodicals and online resources as per the norms of UGC and the respective regulating bodies and give undertaking to invest within first three years not less than a sum of 50 Lakhs or as per the norms of UGC and the regulatory bodies, whichever is higher, on books, journals, periodicals, online resources, computers, library झारखण्ड गजट (असाधारण) सोमवार, 25 नवम्बर, 2024 networking, and other facilities to make the library facilities adequate for contemporary teaching and research.