Establishment of the University

(1) On and from the commencement of this Act, there shall be established a University by the name of the Manipur Technical University. (2) The University shall be a body corporate by the name aforesaid having perpetual succession and a common seal with power to contract and may, by the said name, sue and be sued. (3) The University shall be competent to acquire and hold property, both movable and immovable, to lease, sell or otherwise transfer or dispose of any movable or immovable property, which may vest in, or be acquired by it, for the purposes of the University and to contract and do all other things necessary for the purposes of this Act: Provided that no such lease, sale or transfer of such property shall be without the prior approval of the State Government. (4) The headquarter of the University shall be at Imphal.