Establishment of University

(1) Where the State Government, after such inquiry as it may deem necessary, is satisfied that the Sponsor has fulfilled the conditions specified in sub-section (3) of Section 3, it may direct the Sponsor to establish an endowment fund. (2) After the establishment of the endowment fund, the State Government may, by notification in the Official Gazette, accord sanction for establishment of the University. (3) The headquarters of University shall be at Sikkim and it may have campuses or Regional Centers or Study Centers anywhere in India and abroad with approval of the Board of Governors. (4) The Chancellor, the Vice-Chancellor, members of the Board of Governors members of the Board of Management and the Academic Council for the time being holding office as such in the University so established, shall constitute a body corporate and can sue and be sued in the name of the University. (5) On the establishment of the University under sub-section (2), the land and other movable and immovable properties acquired, created, arranged or built by the University for the purpose of the University, in the State of Sikkim shall vest in the University. (6) No land or other properties acquired by the University shall be used or diverted for any purpose other than that for which the same is acquired.