Vidhi Codex

The Institute of Chartered Financial Analysts of India University, Orissa Act, 2010

The Institute of Chartered Financial Analysts of India University, Orissa Act, 2010

Education201046 sections

This Act provides the legal framework for the establishment and incorporation of the Institute of Chartered Financial Analysts of India (ICFAI) University in the State of Orissa. It defines the university as a self-financing, private institution sponsored by the Institute of Chartered Financial Analysts of India. The Act outlines the university's governance structure, including the roles of the Visitor, Chancellor, and various boards, while mandating strict compliance with national regulatory bodies like the UGC and AICTE. It ensures the university operates independently without state financial aid, focusing on specialized education in finance, management, and related fields for students in Orissa.

Start reading →Read full ActSections
  1. 1. Short title and commencement
  2. 2. Definitions
  3. 4. Qualification, compliance report etc
  4. 5. Submission of compliance report, verification and inspection
  5. 6. Provided that the State Government may allow extension of time to such extent as it may deem fit on consideration of the progress in fulfilling the conditions specified under section 4.
  6. 7. University not to be entitled to financial assistance
  7. 8. Objects of the University
  8. 9. Powers of the University
  9. 10. University open to all persons
  10. 11. National Accreditation
  11. 12. Officers of the University
  12. 13. The Visitor
  13. 14. The Chancellor
  14. 15. The Vice-Chancellor
  15. 21. The Board of Governors
  16. 22. The Board of Management
  17. 23. The Academic Council
  18. 24. The Finance Committee
  19. 25. Other authorities
  20. 26. Proceedings not invalidated on account of vacancy
  21. 27. Statutes
  22. 28. Manner to make Statutes
  23. 29. Power to amend the Statutes
  24. 30. Rules
  25. 31. Manner to make Rules
  26. 32. Power to amend Rules
  27. 33. Admission
  28. 34. Fee structure
  29. 35. Conditions of service of employees
  30. 36. Right to appeal
  31. 37. Provident fund and pension
  32. 38. Disputes as to constitution of University authorities and bodies
  33. 39. Constitution of committees
  34. 40. Filling of casual vacancies
  35. 41. Protection of action taken in good faith
  36. 42. Transitional provisions
  37. 43. Endowment Fund
  38. 44. General Fund
  39. 45. Provided further that the General Fund shall be applied for the objects specified under sub-section (2) with the prior approval of the Board of Management of the University.
  40. 46. Maintenance of fund
  41. 47. Annual Report
  42. 48. Account and audit
  43. 49. Mode of proof of University record
  44. 50. Dissolution of University
  45. 51. Expenditure of the University during dissolution
  46. 52. Removal of difficulties

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