Chapter 2 THE UNIVERSITY

Establishment and incorporation.

1. (1) Subject to the provisions of this Act, the State Government may, by notification, establish a unitary, self financing University by the name of the ASBM University, Odisha after the Endowment Fund is set up by the Sponsoring Body in accordance with the provisions of section 38.
2. (2) The Sponsoring Body shall, —
   • (i) assign the existing campus of Asian School of Business Management situated in the land measuring five acres at Mouza Andharua, PS – Chandaka, Tahasil – Bhubaneswar in the district of Khurdha along with built-up area of approximately 28,547 sq. mtrs., which includes administrative building and academic building, hostels, guest house, auditorium, library, computer lab etc., and shall provide minimum fifteen acres of land in Mouza Ratagarh Lenkasahi, PS – Baranga, Tahasil – Baranga in the district of Cuttack, which shall be the campus of the University;
   • (ii) assign books, journals, equipments, computers, furniture, other movable and immovable assets and infrastructure facilities other than buildings referred to in clause
   • (i) located in the existing campus of Asian School of Business Management referred to in clause (i); and
   • (iii) establish an Endowment Fund of rupees five crores as explained in section 38.
3. (3) The Sponsoring Body, after fulfilment of the requirements and conditions specified in sub-section (2), shall make a report of compliance to the State Government.
4. (4) The State Government, if satisfied after considering the compliance report submitted by the Sponsoring Body under sub-section (3), that the provision of sub-section
5. (2) has been complied, may issue notification under sub-section
6. (1) to establish the University with the description of location, jurisdiction and such other conditions as may be specified in this behalf.
7. (5) On and from the date of issue of such notification, it shall be deemed to have been established and incorporated as a University by the name of ASBM University, Odisha.
8. (6) The notification issued under sub-section
9. (1) shall be laid before the State Legislature for a period of fourteen days comprising one session or more than one session thereof.
10. (7) The University shall be a body corporate having perpetual succession and common seal with powers, subject to the provisions of this Act, to acquire, own and dispose of property, and to contract and to do all things necessary for the purposes of this Act and shall sue and be sued by the same name.
11. (8) In all the suits and other legal proceedings by or against such University, the pleadings shall be signed and verified by the Registrar and all processes in such suits and proceedings shall be issued to and be served on the Registrar.
12. (9) The University shall be located at Mouza Andharua, PS Chandaka, Tahasil Bhubaneswar in the district of Khurdha and in the Mouza Ratagarh, Lenkasahi P.S and Tahasil – Baranga, District - Cuttack.

The objectives for which the University is established are as follows: —

1. (i) to disseminate and advance knowledge by providing academic and research facilities in such branches of learning which include Management, Law, Education, Skill Education and Training and in other fields as it may deem fit;
2. (ii) to institute Degrees, Diplomas, Charters, Certificates and other academic distinctions on the basis of examination or any other methods of evaluation;
3. (iii) to collaborate with other colleges, universities, research institutions, industry associations, professional bodies or any other organisation, in India or abroad;
4. (iv) to conceptualize, design and develop specific educational and research programmes, training programmes and exchange programmes for students, faculty members and others;
5. (v) to impart futuristic and holistic education at par with international standards to prepare the youth to face the global competition and to participate in shaping India to become a world leader;
6. (vi) to inculcate the values and philosophy of Indian ethos and learning heritage by developing and putting into practice highly qualitative and meaningful principles and systems integrating tradition and modernity in consonance with Indian culture;
7. (vii) to augment available global knowledge passed down the ages using oral and written learning route by researching, codifying and preserving such knowledge for benefit of the future generations;
8. (viii) to benchmark with the quality standards of the world-class universities and institutions of higher learning for shaping the career and character of the youth, thereby making them matured professionals with holistic personality development balancing academic , physical, social, psychological, moral and spiritual facets of life;
9. (ix) to establish the following schools as constituent units of the University, namely :-

1. (a) School of Business;
2. (b) School of Accountancy;
3. (c) School of Information System;
4. (d) School of Economics;
5. (e) School of Social Sciences;
6. (f) School of Education;
7. (g) School of Law;
8. (h) School of Communication;
   • (i) School of Skill Development; and
9. (j) Subject to approval of the State Government any other schools as may be deemed fit: Provided that the existing programme or courses offered by the Sponsoring Body shall be integrated into the respective schools;
   • (x) to disseminate knowledge through seminars, conferences, conventions, congress, executive education programmes, community development programmes, online education programmes, publications, and training programmes;
   • (xi) to undertake programmes for the training and development of faculty members of the University and other institutions in India and abroad;
   • (xii) to undertake collaborative research with any organisation in India and abroad;
   • (xiii) to create higher levels of intellectual abilities;
   • (xiv) to provide consultancy to industry, government, public and private Organisations;
   • (xv) to ensure that the standard of Degrees, Diplomas, Charters, Certificates and other academic distinctions are not lower than those laid down by the University Grants Commission and other Regulatory Bodies, as the case may be;
   • (xvi) to do all things necessary or expedient to promote the above objectives; and
   • (xvii) to pursue any other objectives as may be approved by the State Government.

Subject to other provisions of this Act, the Regulations or Rules made there under or any other relevant laws for the time being in force and directions as may be issued, from time to time, by the Central Government, State Government or the Regulatory Body, the University shall have the following powers, namely:—

1. (i) to establish Off-Campus Centres, as are, in the opinion of the University, necessary for furtherance of its objectives in conformity with the provisions of the University Grants Commission (Establishment of and Maintenance of Standards in Private Universities) Regulations, 2003;
2. (ii) to establish and develop Schools as envisaged in clause
3. (ix) of section 4;
4. (iii) to carry out all such other activities as may be necessary and feasible in furtherance of the objectives of the University;
5. (iv) to confer Degrees, Diplomas, Charters, Certificates or other academic distinctions and professional designations as envisaged under section 4 in the manner and under conditions laid down in the Regulations;
6. (v) to confer Honorary Degrees or other Distinctions in the manner as may be prescribed in the Regulations;
7. (vi) to withdraw or cancel Degrees, Diplomas, Charters, Certificates or other academic distinctions or titles in the manner as may be prescribed in the Regulations;
8. (vii) to institute and award fellowships, scholarships, prizes etc., in accordance with the Regulations;
9. (viii) to demand and receive such fees, bills, invoices and collect charges as may be fixed by the Rules or Regulations, as the case may be;
10. (ix) to make provisions for extracurricular activities for students and employees;
11. (x) to appoint faculty members, officers and employees of the University and Off-Campus Centres;
12. (xi) to receive donations and gifts of any kind and to acquire, hold, manage, maintain and dispose off any movable or immovable property, including trust and endowment properties for the purpose of the University or an Off-Campus centre;
13. (xii) to institute and maintain halls and/or hostels and to recognise places of residence for students of the University or Off-Campus Centres;
14. (xiii) to supervise and control residence, and to regulate discipline among the students and all categories of employees and to lay down the conditions of service of such employees, including their Code of Conduct;
15. (xiv) to create academic, administrative and support staff and other necessary posts;
16. (xv) to co-operate and collaborate with other domestic and overseas Universities and Institutions in such manner and for such purposes as the University may determine from time to time;
17. (xvi) to organise and conduct refresher courses, orientation courses, workshops, seminars, online programmes and other programmes for teachers, developers of course ware, evaluators and other academic staff;
18. (xvii) to determine standards of admission to the University and Off-Campus Centres with the approval of the Academic Council; (xviii) to make special provision for students belonging to the State of Odisha for admission in any course of the University or Off-Campus Centres;
19. (xix) to do all such other acts or things, which are incidental to the powers aforesaid, as may be necessary to further the objectives of the University;
20. (xx) to prescribe such courses for Bachelor Degree, Master Degree, Master of Philosophy Degree, Doctoral and Post Doctoral Degrees and Research and such other Degrees, Diplomas, Charters, Certificates etc.;

1. (xxi) to provide for preparation of instructional materials, including films, cassettes, tapes, video cassettes, CDs, VCDs, DVDs and such other software;
2. (xxii) to recognise examinations or periods of study (whether in full or in part) of other Universities, institutions or other places of higher learning as equivalent to examinations or periods of study in the University and to withdraw such recognition at any time; (xxiii) to raise, collect, subscribe and borrow with the approval of the Board, whether or not on the security of the property of the University and, to raise money for the purposes of the University;
3. (xxiv) to enter into, carry out, vary and or cancel contracts;
4. (xxv) to receive grants from government and non-government sources for conducting research, studies, online programmes, training programmes, seminars, conferences, conventions, consulting etc.; and
5. (xxvi) to do all things necessary or expedient to exercise the above powers.

1. (1) The University shall be open to all persons irrespective of class, caste, creed, religion, language, domicile and gender.
2. (2) For the purpose of admission of students, the University shall provide reservation of fifty-per centum of seats for the students of Odisha subject to satisfying the minimum quality standards for admission test and interview: Provided that any seat remaining vacant due to non-availability of required percentage of students of Odisha may be filled by other students with prior permission of the State Government: Provided further that the reservation policy for Scheduled Tribe, Scheduled Caste, Socially and Educationally Backward Classes, Persons with Disability and Women issued by the State Government from time to time shall be applicable.

The University shall seek, obtain and retain accreditation from respective national accreditation bodies and be subject to relevant provisions of the University Grants Commission Act, 1956 and the Regulations or Guidelines made thereunder, from time to time, relating to private Universities.