Vidhi Codex

Bare Act

The Institute of Chartered Financial Analysts of India University (Establishment and Regulation) Act, 2011

Education201146 sections

This legislation establishes the Institute of Chartered Financial Analysts of India (ICFAI) University in Solan, Himachal Pradesh, as a self-financed private university sponsored by the ICFAI society. It sets out the governance structure, administrative officers, financial framework, academic standards, and powers of the university. The law applies to the university's management, faculty, staff, and enrolled students. It ensures state oversight regarding fee structures, admission policies, quality assurance, and non-discrimination while mandating compliance with central and state educational regulatory bodies. This statute is important because it legally incorporates the university, safeguarding educational standards, student welfare, and proper administrative governance within Himachal Pradesh.

Start reading →Read full ActSections
  1. 0. Preamble
  2. 1. Short title and commencement
  3. 2. Definitions
  4. 3. The objects of the University
  5. 4. Incorporation
  6. 5. Powers and functions of the University
  7. 6. University to be self-financed
  8. 7. No Power of affiliation
  9. 8. Endowment Fund
  10. 9. General Fund
  11. 10. Application of General Fund
  12. 11. Officers of the University
  13. 12. The Chancellor
  14. 13. The Vice-Chancellor
  15. 14. The Registrar
  16. 15. The Chief Finance and Accounts Officer
  17. 16. Other officers
  18. 17. Authorities of the University
  19. 18. The Governing Body
  20. 19. The Board of Management
  21. 20. The Academic Council
  22. 21. Other Authorities
  23. 22. Disqualification
  24. 23. Vacancies not to invalidate the proceedings of any authority or body of the University
  25. 24. Filling of casual vacancies
  26. 25. Committees
  27. 26. The first statutes
  28. 27. The subsequent statutes
  29. 28. The first ordinances
  30. 29. The subsequent ordinances
  31. 30. Regulations
  32. 31. Admissions
  33. 32. Fee structure
  34. 33. Examinations
  35. 34. Declaration of results
  36. 35. Convocation
  37. 36. Accreditation of the University
  38. 37. University to follow rules, regulations, norms etc. of the regulating bodies
  39. 38. Annual report
  40. 39. Annual accounts and audit
  41. 40. Powers of the Government to inspect the University
  42. 41. Dissolution of the University by the sponsoring body
  43. 42. Special powers of the Government in certain circumstances
  44. 43. Power to make rules
  45. 44. Power to remove difficulties
  46. 45. Repeal of H. P. Ordinance No. 2 of 2011 and savings

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