section 42
Winding up of University
The Gurukul Vidhyapeeth University Act, 2024Education202439 sections
Statutory text
- (1) If the Sponsoring Body proposes to dissolve itself according to the provisions of law governing its constitution or incorporation; it shall record reasons thereof and give at least 5
- (five) years prior notice to the State Government.
- (2) Notwithstanding, anything contained in the provisions of this Act, where the Sponsoring Body intends to wind up the University, the winding up process hereunder shall be as follows:-
- (a) resolution to be passed by the Sponsoring Body that it intends to wind up and halt operations of the University;
- (b) after the passing of the resolution as described in clause
- (a) of sub-section (2), a notice shall thereafter be issued by the Sponsoring Body to the Government, 5
- (five) years prior to cessation of operations;
- (c) the Sponsoring Body shall halt intake of fresh admissions, upon passage of resolution under clause
- (a) and issuance of notice under clause (b); and
- (d) pursuant to which the Sponsoring Body or University upon completion of syllabus of the last batch of students admitted in the University, the State Government shall thereafter make arrangements as may be necessary, for taking over the administration of the University for the purpose of completing the winding up process: Provided that, upon taking over of administration from the Sponsoring Body in the manner as provided for under clause (d), the State Government may appoint an administrator in place of the Sponsoring Body, who shall be entrusted with the power duties and function of the Sponsoring Body, as prescribed under the Act.
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