section 64
Expenditure of the University During Dissolution
The Sikkim Private Universities (Establishment and Regulation) Act, 2025Education202574 sections11 chapters
Chapter XI INSPECTION, DISSOLUTION AND WINDING UP OF PRIVATE UNIVERITY
Statutory text
- (1) The expenditure for the administration of the University during the dissolution period shall be borne out of its Endowment Fund, Management Fund, the General Fund or the Development Fund.
- (2) If funds referred to in sub-section
- (1) are not sufficient to meet the expenditure of the University during dissolution of its management; such expenditure may be met by disposing of the properties or assets of the University by the Sponsoring Body and the State Government.
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