Establishment of University

(1) Where the state Government, after such inquiry as it may deem necessary, is satisfied that hydrocarbons Education And Research Society has fulfilled the conditions specified in sub-section (2) of section 3, it may direct the Hydrocarbons Education And Research Society to establish an Endowment Fund. (2) After the establishment of the Endowment Fund, the State Government may, by notification in the Official Gazette, accord sanction for establishment of the University. (3) The Headquarters of the University shall be at Dehradun, Uttarakhand and it may also have campuses or regional centers, Study Centers and career Academic Centers at other places in the State, as may be specified from time to time. (4) The Chancellor, the Vice-Chancellor, members of the Board of Governors, members of the Board of Management and the Academic Council for the time being holding office as such in the University so established, shall constitute a body corporate and can sue and be sued in the name of the University. (5) On the establishment of the University under sub-section (2), the land and other movable and immovable properties acquired, created, arranged or built by the University for the purpose of the University except the properties of Hydrocarbons Education And Research Society, shall stand transferred to, and vest in, the University. (6) The land, building and other properties acquired for the University shall not be used for any purpose, other than that for which the same is acquired.