(2) On the dissolution of the University all the assets and liabilities of the University shall vest in the Sponsoring Body in the manner as may be prescribed.
(3) Where the State Government decides under sub-section (1) to dissolve the University, it may vest the powers of the Governing Body in the prescribed manner to other societies having similar objects till the dissolution of the University takes effect under the proviso to sub-section (1).
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Section 1 · Short Title, Extent and Commencement.Section 2 · DefinitionsSection 3 · Establishment of University.Section 4 · Properties of the University and its Application.Section 5 · Restrictions and obligations of the University.Section 6 · Objects of the University.Section 7 · University open to all irrespective of sex, religion, class, colour, creed, or opinion.Section 8 · Powers and functions of the University.India Code, Government of India. Text fetched 17 Oct 2026. Source metadata reports last modification: 2018-12-03. Check the linked official text and subsequent notifications when applying a provision.