2. Definitions.

In this Act, unless the context otherwise requires,- (a) “Board” means the Governing Board of the Institute; (b) “Chairperson” means the Chairperson of the Governing Board of the Institute referred to in section 8; (c) “Dean” means the Dean who shall be the in-charge of the academic activities of the Institute appointed under section 13; (d) “Director” means the Director of the Institute appointed under section 10; (e) “Disruptive Technology/Emerging Technology” means the upcoming technological advances in Financial Technology Industries/ Sector; (f) “employee” means any person appointed by the Institute and includes a teacher or Faculty member, an administrative staff, an engineer, or any other member of the staff of the Institute; (g) “Faculty member or Faculty” means a Professor, Associate Professor, Assistant Professor from the academic track and/or Professors of Practice/Professionals from the Industry track or a person employed or engaged by the Institute for imparting education or training or guiding or conducting research in the Institute, either on the permanent basis or contractual basis and includes the Dean(s) and the Director; (h) “Finance Officer” means the Finance Officer of the Institute appointed under section 14; (i) “Fintech” means computer programs and other technology used to support or enable banking and financial services; (j) “fund” means the fund of the Institute maintained under section 25; (k) “Industry partner” means an individual, or a trust established under the Indian Trusts Act, 1882 (Central Act No. 2 of 1882), or a company established under the Companies Act, 2013 (Central Act No. 18 of 2013), or society formed and registered under the Societies Registration Act, 1860 (Central Act No. 21 of 1860), or a Partnership Firm registered under the Indian Partnership Act, 1932 (Central Act No. IX of 1932), or a financial institution or a combination of one or more of such industry partners; (l) “Institute” means the Rajiv Gandhi Fintech Digital Institute, a degree awarding autonomous centre of higher learning, having the status of a university established under section 3; (m) “NIRF” means the National Institutional Ranking Framework approved by Ministry of Human Resource Development and accepted by the Ministry of Education, Government of India as the ranking framework for various universities and academic institutions; (n) “prescribed” means prescribed by regulations or rules as the case may be; (o) “Public-Private Partnership” means such partnership under a scheme of the State Government which provides for establishment of Institute involving collaboration between the State Government and Industry partners; (p) “Registrar” means the Registrar of the Institute appointed under section 12; (q) “regulations” means the regulations of the Institute made under section 32; (r) “rules” means the rules made under this Act; (s) “State” means the State of Rajasthan; and (t) “UGC” means the University Grants Commission established under section 4 of the University Grants Commission Act, 1956 (Central Act No. 3 of 1956).