Dissolution of the University

(1) If the Sponsor proposes dissolution of the University in accordance with the law governing its constitution or incorporation, it shall give at least 12 (twelve) months notice in writing to the State Government and it shall ensure that no new admissions to the University are accepted during the notice period. All financial obligations, whatsoever may be, for dissolution of the University shall lie with the University. (2) On identification of mismanagement, mal-administration or in-discipline which lead to gross failure in the accomplishment of the substantive objects of University or economic non-viability, the State Government would issue directions to the management of University to rectify the situation. If such directions are not followed within such time as may be prescribed, the right to take appropriate decision for such rectification including the decision to wind up of the University after giving due opportunity to the University for being heard, would vest in the State Government. (3) The manner of winding up of the University would be such as may be prescribed in this behalf by the State Government. Provided that no such action will be initiated without affording a reasonable opportunity to show cause to the Sponsor. (4) On receipt of the notice referred to in sub-section (1), the State Government shall, in consultation with the UGC make such arrangements for administration of the University from the proposed date of dissolution of the University by the Sponsor and until the last batch of students in regular courses of studies of the University complete their courses of studies in such manner as may be prescribed by the Statutes. (5) Under no circumstances the State Government will be liable to bear any financial burden of any kind during the period of dissolution.