Effect of incorporation of the University

On and from the commencement of this Act and subject to section 6(ii) of this Act, the Tripura Institute of Technology shall cease to exist, and, - i) Any reference to the Tripura Institute of Technology in any law (other than this Act) in any contract or other instrument shall be deems as a reference to the University; ii) All property, movable and immovable, of or belonging to the Tripura Institute of Technology, shall vest in the University; iii) Future acquisition of capital assets out of the funds allocated by the Government shall be with the approval of the Government and the ownership shall vest in the Government. However, responsibility for upkeep, security and maintenance of the said assets shall be with the University; iv) All the rights and liabilities of the Tripura Institute of Technology shall be transferred to, and be the rights and liabilities of the University; v) Every employee of the Education (Higher) Department, Government of Tripura, under different cadres posted in Tripura Institute of Technology at the time of commencement of this Act shall continue to be posted in the University on deputation mode and shall continue to function in their existing capacity, enjoy the same rights and privileges as to remuneration, pension, gratuity, provident fund, savings cum group insurance scheme and other matters as they would have enjoyed as the State Government employees. However, the Education (Higher) Department may withdraw the deputation of any employee from the University and/or place any employee on deputation at the University, except, the faculty members under the Government (Technical) Degree College cadre of Education (Higher) Department, Tripura, who have opted for the terms and conditions of employment of the University as per Sub-Section (vi). vi) The faculty members under the Government (Technical) Degree College cadre of Education (Higher) Department, Tripura, who are posted in Tripura Institute of Technology at the time of commencement of this Act shall be given an option to join the Tripura Government Technical University permanently, subject to fulfilling all the eligibility criteria and accepting the terms and conditions of employment of their service in the existing cadre in accordance with Rule 37A of Central Civil Service (Pension) Rules, 1972 (amended as on 30/09/2000) subject to approval of the University. The inter-se seniority of this cadre absorbed by the University shall be maintained. vii) Notwithstanding anything contained in this Act, the existing students of the Tripura Institute of Technology, admitted before the establishment of the University under Section 4 of this Act, shall continue to pursue their academic courses and programmes of study under the enrolment and affiliation of the Tripura University, which shall conduct examinations and award degrees to them upon successful completion of the courses and programmes of study they are pursuing thereat presently;