Establishment of University:

3. Establishment of University: (1) There shall be established the University by the name of ‘AZIM PREMJI UNIVERSITY’ (2) The headquarters of the University shall be within the State of Jharkhand and shall be situated in the district of Ranchi. (3) The University shall start operation only after the State Government issues the letter of authorization. (4) The University shall meet the conditions mentioned in the Schedule A of the Act within the stipulated time. (5) The Governing Body, the Board of Management, the Academic Council, the Chancellor, the Vice-Chancellor, the Pro Vice-Chancellor, the Registrar, the Teachers, the Chief Finance and Accounts Officer and such other officers or members or authorities so long as they continue to hold such office or membership of the University hereby constitute a body corporate by the name of the University. (6) The University shall function as non-affiliating University and they shall not affiliate any other college or institute for the conferment of degree, diploma and for grant of certificate to the students admitted therein. (7) The University shall be a body corporate by the name ‘AZIM PREMJI UNIVERSITY’ and will have perpetual succession and common seal with power, subject to the provisions of this Act, to acquire and hold property, to contract and shall, by the said name, sue or be sued. (8) The University shall not receive any grant-in-aid or other financial assistance from the State Government or the Central Government. (9) Provided that, the State Government or the Central Government may provide financial support, including through grants or otherwise:- (a) for research, development and other activities for which other State Government organizations are provided financial assistance; or (b) for any specific research or programme based activity; and (c) for the benefit of similar universities in the State subject to a change in State policy or otherwise. Provided further that the University may receive any financial support from any other source.