Vidhi Codex

The Institute of Chartered Financial Analysts of India University, Orissa Act, 2009

The Institute of Chartered Financial Analysts of India University, Orissa Act, 2009

Education201052 sections

This legislation establishes the Institute of Chartered Financial Analysts of India University in Orissa as a self-financing private university. It sets out the framework for the university's governance, academic programs, faculty recruitment, student admissions, and financial management through dedicated funds. The Act applies to the sponsoring society, university management, faculty, administrative staff, and enrolled students. It mandates compliance with national regulatory bodies like the University Grants Commission to ensure high educational standards. This law matters because it expands access to higher education in finance, management, science, and technology in Orissa while establishing legal accountability, non-discrimination policies, and protections for students.

Start reading →Read full ActSections
  1. 1. Short title and commencement.
  2. 2. Definitions.
  3. 3. Right to establish the University.
  4. 4. Establishment of University.
  5. 5. Submission of compliance report, verification and inspection.
  6. 6. Establishment and incorporation.
  7. 7. University not to be entitled to financial assistance.
  8. 8. Objects of the University.
  9. 9. Powers of the University.
  10. 10. University open to all persons.
  11. 12. Officers of the University.
  12. 13. The Visitor
  13. 14. The Chancellor
  14. 15. The Vice-Chancellor
  15. 16. Deans of Faculties
  16. 17. The Registrar
  17. 18. The Finance Officer
  18. 19. Other officers
  19. 20. Authorities of the University
  20. 21. The Board of Governors and its powers
  21. 22. The Board of Management
  22. 23. The Academic Council
  23. 24. The Finance Committee
  24. 25. Other authorities
  25. 26. Proceedings not invalidated on account of vacancy
  26. 27. Statutes
  27. 28. Manner to make Statutes.
  28. 29. Power to amend the Statutes.
  29. 30. Rules.
  30. 31. Manner to make Rules.
  31. 32. Power to amend Rules.
  32. 33. Admission.
  33. 34. Fee structure.
  34. 35. Conditions of service of employees.
  35. 36. Right to appeal.
  36. 37. Provident fund and pension.
  37. 38. Disputes as to constitution of University authorities and bodies.
  38. 39. Constitution of committees.
  39. 40. Filling of casual vacancies.
  40. 41. Protection of action taken in good faith.
  41. 42. Transitional provisions.
  42. 43. Endowment Fund.
  43. 44. General Fund.
  44. 11(1). National Accreditation.
  45. 45. Development Fund. Development Fund.
  46. 46. Maintenance of fund. Maintenance of fund.
  47. 47. Annual Report. Annual Report.
  48. 48. Account and audit. Account and audit.
  49. 49. Mode of proof of University record. Mode of proof of University record.
  50. 50. Dissolution of University. Dissolution of University.
  51. 51. Expenditure of the University during dissolution. Expenditure of the University during dissolution.
  52. 52. Removal of difficulties. Removal of difficulties.

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