Dissolution Of University (Section 54)

(1) On receipt of the proposal for dissolution of the University as per the provisions of sub-section 1 of Section 54 of the Act, the State Government shall fix the date of dissolution. (2) From the date of dissolution so fixed by the State Government no further admission shall be made to any of the programs/courses of the University. (3) The authorities and officers of the University shall continue to function till the last student has passed out from the University. (4) The fees collected from the students enrolled in the University, and amounts received from other sources shall continue to be deposited in the account of the University. (5) From the date of passing out of the last student of the University, the University shall be considered dissolved and subject to provisions of the Act, the assets, movable and immovable properties assigned by the Promoting Society to the University shall be reverted back to the Promoting Society. (6) Subject to provisions of the Act, on dissolution the assets, movable and immovable properties created by the University shall stand transferred to and vests in the Promoting Society.