Chapter 1 Chapter 1

(1) In this Act, unless the context otherwise requires: (i) "Academic Council" means the Academic Council of the University; (ii) "AICTE means the All India Council for Technical Education established under the All India Council for Technical Education Act, 1987; (iii) "Affiliated College" means a college or an institution which is affiliated to the University; (iv) "Annual Report" means the Annual report of the University; (v) "Board of Governors" means the Board of Governors of the University; (vi) "Board of Management" means the Board of Management of the University; (vii) "Chancellor" means Chancellor of the University; (viii) "Constituent College" means a college or an institution maintained by the University; (ix) "Development Fund" means the Development Fund of the University; (x) "Distance Education System" means the system of imparting education through any means of information technology and communication such as multimedia, broadcasting, telecasting, online over internet, other interactive methods, e-mail, internet, computer, interactive talk back e-learning, correspondence course, seminar, contact program or a combination of any two or more of such means; (xi) "Endowment Fund" means Endowment Fund of the University; (xii) "Employee" means employee appointed by the University and includes teachers and other staff of the University or of a constituent college; (xiii) "Faculty" means faculty of the University; (xiv) "Finance Officer" means Finance Officer of the University; (xv) "General Fund" means General Fund of the University; (xvi) "Prescribed" means prescribed by the Statutes/Rules of the University; (xvii) "Principal" in relation to a constituent college, means the Head of the constituent college and includes, where there is no Principal, the Vice-principal or any other person for the time being appointed to act, or function as Principal; (xviii) "Regional Centre" means a center established or maintained by the University for the purpose of co-ordinating and supervising the work of Study Centres in any region and for performing such other functions as may be conferred on such center by the Board of management; (xix) "Registrar" means Registrar of the University; (xx) "Rules" means the Rules of the University; (xxi) "Sponsor" means the Institute of Chartered Financial Analysts of India, which is registered as a Society under the Andhar Pradesh (Telangana Areas) Public Societies Registration Act, 1350 Fasli (Act 1 of 1350 F) at Hyderabad, Andhar Pradesh (registration No. 1602 dated 20th October, 1984); (xxii) "State" means the State of Nagaland; (xxiii) "State Government" means the State Government of Nagaland; (xxiv) "Statutes" means the Statues of the University; (xxv) "Study Centre" means a centre established, maintained or recognized by the University for the purpose of advising, counseling or for rendering any other assistance including training, conducting contact classes and examinations required by the students; (xxvi) "Teacher" means a Professor, Associate Professor, Assistant Professor, Lecturer or such other person as may be appointed for imparting instructions or conducting research in the University or in a constituent college or institution and includes the Principal of a constituent college or institution, in conformity with the norms prescribed by the UGC; (xxvii) "The CFA Charter and Designation" means the Chartered Financial Analyst Charter and Designation conferred by the University or by an agency duly authorized by the University upon the successful candidates of the Chartered Financial Analyst (CFA) program administered by the University or by an agency duly authorized by the University; (xxviii) "The CPA Certificate and Designation" means the Certified Public Accountant Certificate and Designation conferred by the University or by an agency duly authorized by the University upon the successful candidates of the Certified Public Accountant Program administered by the University or by an agency duly authorized by the University; (xxix) "The Council of Chartered Financial Analysts" means the society which is registered under the Andhar Pradesh (telangana Area) Public Societies Registration Act, 1350 Fasli (Act 1 of 1350 F) at Hyderabad, Andhar Pradesh (registration No. 1809 dated August 19, 1989); (xxx) "The Society of Certified Public Accountants" means the society which is registered under the Andhar Pradesh (Telangana Area) Public Societies Registration Act, 1350 Fasli (Act 1 of 1350 F) at Hyderabad, Andhar Pradesh (Registration No. 5575 dated August 17, 2001); (xxxi) "UGC" means the University Grants Commission established under the University Grants Commission Act, 1956; (xxxii) "University" means the Private University by name the institute of Chartered Financial Analysts of India University (Nagaland) established under this Act; (xxxiii) "Vice-Chancellor" means Vice-Chancellor of the University; and (xxxiv) "Visitor" means the Visitor of the University.

The University shall not make any demand nor shall be entitled to any grant in-aid or any other financial assistance from the State Government or any other body or corporation owned or controlled by the State Government.

(1) The University may have constituent colleges, Regional Centers and Study Centres. (2) The University may with the prior approval of the Board of Governors, affiliate any college or other institution.

(1) The main objective of the University shall be to design and run courses and programmes as enumerated in the schedule to this Act: Provided that the University may abolish or create or modify the entries in the schedule without causing detriment to the interests of teachers and students concerned, by statutes, and such statues shall not be deemed as amendment of this Act. The other objectives of the University are: to provide instruction, teaching, training and research in specialized fields of Finance and Management including Financial Analysis (leading to the CFA Charter and Designation), Accounting (leading to the CPA Certificate and Designation). Banking, Insurance, Financial Services, Financial Management, Business management, Law, Teacher Education, Medical Sciences, various branches of Science and Technology and related subjects and make provisions for research, advancement and dissemination of knowledge thereof; To establish a main campus at Dimapur in the State of Nagaland and to have further campuses, Regional Centres, study centers and examination centers inNagaland and at different places in India and abroad in accordance with the laws and regulations in force; to provide continuing, distance and regular education programs; To institute degrees, diplomas, charters, certificates and other academic distinctions on the basis of examination, or any other method of evaluation; To collaborate with other colleges or universities, research institutions, industry associations, professional associations including the Council of Chartered Financial Analysts and the Society of Certified Public Accountants or any other organization, in India or abroad, to conceptualize, design a& develop specific educational and research programs, training programs and exchange programs for students, faculty members and others. To disseminate knowledge through seminars, conferences, executive education programs, community development programs, publications, and training programs; To undertake programs for the training and development of faculty members of the University and other institutions in India or abroad; To undertake collaborative research with any organization in India or abroad; To create higher levels of intellectual abilities; To provide consultancy to industry, Government and Public Organizations; To ensure that the standards of the degrees, diplomas, charters, certificates and other academic distinctions are accordance with those laid down by AICTEINCTENGCIMCI and Pharmacy Council etc..; (l) To do all things necessary or expedient to promote the above objectives; (m) To pursue any other objective as may be approved by the State Government.

The University shall be open to all persons irrespective of class, caste, creed, religion, language or gender: Provided that nothing in the section shall be deemed to prevent the University fiom making special provisions for admission in favour or students fiom the State of Nagaland.

(1) The University will seek, obtain and retain accreditation from respective national accreditation bodies and be subject to relevant provisions of the University Grants Commission Act, 1956 and the University Grants Commission (Establishment and Maintenance of Standards in Private Universities) regulations, 2003 as amended from time to time. (2) The University shall obtain prior permission/recognition from NCTE and Bar council of India before commencing Teachers' Training programme and law Education Programme respectively for conferring graduate or post graduate degrees and for other programmes permission or recognition from authorities/bodies concerned, if required by any law for the time being in force, shall be obtained. (3) As regards other programmes on technical education the relevant laws, rules, regulations etc. in the matter of obtaining approval/recognition or maintaining standards shall apply to the University.

The following shall be the officers of the University: (a) The Chancellor; (b) The Vice-Chancellor; (c) The Registrar; (d) The Finance Officer; and (e) Such other officers as may be declared by the Statutes to be officers of the University.

(1) The Governor of Nagaland shall be the Visitor of the University (2) The Visitor shall, when present, preside at the convocation of the University for conferring Degrees, Diplomas, Charters Designations and Certificates. (3) The Visitor shall have the following powers namely : (a) To call for any paper or information relating to the affairs of the University. (b) On the basis of the information received by the visitor, if he is satisfied that any order, proceeding or decision taken by any authority of the University is not in conformity with the Act Statutes or rules, he may issue such directions as he may deem fit in the interest of the University and the directions so issued shall be complied with by all concerned.

(1) The Sponsor shall, with the prior approval of the visitor, appoint a person suitable to be appointed as the Chancellor of the University. (2) The Chancellor so appointed shall hold office for a period of the years (3) The Chancellor shall be the head of the University. (4) The Chancellor shall preside at the meeting of the Board of Governors and shall, when the Visitor is not present, preside at the convocation of the University for conferring degrees, diplomas, Charters, Designations or Certificates. (5) The Chancellor shall have the following powers, namely:- (a) To call for any information or record; (b) To appoint the Vice-Chancellor; (c) To remove the Vice-Chancellor; (d) Such other powers as may be conferred on him by this Act or the Statutes made thereunder.

(1) The Vice-Chancellor shall be appointed on such terms and conditions as may be prescribed by the statutes. (2) The Vice-Chancellor shall be appointed by the Chancellor from a panel of three persons recommended by the Board of Governors and shall hold office for a term of four years. Provided that, after expiration of the term of four years, the Vice- Chancellor shall be eligible for reappointment for not more than one other term. (3) The Vice-Chancellor shall be the Principal executive and academic officer of the University and shall exercise general supervision and control over the affairs of the University and give effect to the decisions of the authorities of the University. (4) If in the opinion of the Vice-Chancellor it is necessary to take immediate action on any matter for which powers are conferred on any other authority by or under this Act, he may takes such action as he deems necessary and shall at the earliest opportunity thereafter report the matter to such officers or authority as would have in the ordinary course dealt with the matter. Provided that if in the opinion of the concerned authority such action should not have been taken by the Vice-Chancellor, then such case shall be referred to the Chancellor, whose decision thereon shall be final. Provided further that where any such action taken by the Vice Chancellor affects any person in the service of the University, such person shall be entitled to prefer, within three months from the date on which such action is communicated to him, an appeal to the Board of Governors and the Board of Governors may confirm or modify or reverse the action taken by the Vice-Chancellor. (5) If in the opinion of the Vice-Chancellor, any decision of any authority of the University is outside the powers conferred by this Act, Statutes or is likely to be prejudicial to the interest of the University, he shall request the authority concerned to revise its decision within seven days from the date of his decision and in case the authority refuses to revise such decision wholly or partly or fails to take any decision within seven days, then such matter shall be referred to the Chancellor and his decision thereon shall be final. (6) The Vice-Chancellor shall exercise such other powers and perform such other duties as may be laid down by the Statutes or the Rules. (7) The Vice-Chancellor shall preside at the convocation of the University in the absence of both the Visitor and the Chancellor, for conferring degrees, diplomas, charters, designations or certificates. (8) The Chancellor is empowered to remove the Vice-Chancellor after due inquiry and it will be open to the Chancellor to suspend the Vice-Chancellor during inquiry depending upon the seriousness of the charges, as he may deem fit.

Deans of faculties shall be appointed by the Vice-Chancellor in Such manner and shall exercise such powers and perform such duties as may be prescribed by Statutes.

(1) The appointment of the Registrar shall be made in such manner as may be prescribed by the Statues (2) All contracts shall be signed and all documents and records shall be authenticated by the Registrar on behalf of the University. (3) The Registrar shall exercise such other powers and perform such other duties as may be prescribed or may be required from time to time by the Board of Governors. (4) The Registrar shall be responsible for the due custody of the records and the common seal of the University and shall be bound to place before the Chancellor, the Vice-Chancellor or any other authority, all such information and documents as may be necessary for transaction of their business. (5) The Registrar shall exercise such powers and perform such duties as may be prescribed by the Statutes.

The Finance Officer shall be appointed by the Board of Governors in such manner and shall exercise such powers and perform such duties as may be prescribed.

The manner of appointment, terms and conditions of service and powers and duties of the other officers of the University shall be such as may be prescribed.