(1) 12)
(3)
CHAPTER II The University and its Obiects The Sponsor shall have the right to establish the Universily in accordance with the orovisions ot this Act.
in afplication containing the proposalto establish a Universlty shall be made to the State Government bY the Sponsor' The oroDosal mav contain the following partlculals 4amely:- rat ' lne otrecis ol rhe Jniversitv alongwilh the details of the Sponsor :
ioi tne exterr ana stat-s ol t-e Univers.ty and the avairabil;ly of and :
i"i the ""trre "no type ol orograms ot stLoy and resea'ch Io be u_dertaKen 'n lhe Univelsrly during a pelioo ot the nexl iive yeals :
r -+,,iv on,r r6ea2r^h nrnhosed to be staded i : Estabtislment af.lJniversily.
Universily not to be entilled to financial assistance, Constitu6nt Colleges and Affiliated Co eges, Objects of the Univercity.
4.
5.
7.
(e) the campus-development sLrch as buildings,equipment and strLrctural amenifies;
(f) the phased ouiLays of capital expenditure for a period ol ihe next five years;
(g) the item.wise recurrino expenditure, sources of linance and estirnated expenditure lor each student ;(h) the scheme lor mobilizing resources and the cost of capitai thereto and the manner ol repaymenrc lo each soLlrce ;(i) the scheme ol generation ot lunds internally through the recovery of tee from students,revenues anticipated lrom consullancy and other actjvities relating to the objects of the University and other anticipated incomes i 0) the details ol expenditure on unit cosl, the extent ot concessiors or rebates . in Jee,freeship and scholarship for students belonging to economically weaker sections andthefeestructure indicating varying rate ofiee, ifany, thatwouid be levied on non-residenl lndians and students of oiher nationaliiies ;(k) the years of experience and expefiise ln the concerned disciptjne at ihe command ol the Sponsor as wel, as the linancial resources ;(l) the system forselection otsiudents to thecourses ofstudy atthe University;
and
(m) status offulfillment of such otherconditions as may be required by the State Governmont to be fulfilled befor€ the establishment oi the University.
(1) Wherethe State Government, aftersuch inquiry as it may deem necessary, is satistied that the Sponsor has futfilted the conditions ;pecified in sub" section (2) of Section 3, it may direct the Sponsor, to establish an endowmenl Ilrnd-
(2) After the establishment of lhe endowmeni lund, the State Government may, by notification in the Oifjcial Gazette, accord sanction for eslablishment;
the Universiiy.
(3) The headquarters oi University shall be in Sikkim and it may have campuses, or Flegional Cenkes, Siudy Centres anywhere in lndia and abroad with _ approval ol the Board ot Governors.(1) The Chanceltor, the Vice-Chancellor, membsrs of the Board of Governors,' members of the Board of L4anagement and the Academic Council for the time being holding otfice as such irl the University so established, shal constitute a body corporate and can sue and be sued in the name oJ the. University. '
(5) On the establishmeni of the Univetsity under sub_seciion (2), the tand and other movable and immovable properiies acquired, creaied,' arran ged or built by the University'ror the purpose of the University in the btate o'i Sikkim shall vest in the Universitv .(6) Tho land,.building and oth;r properlies acquired for the University shalt not be used for any purpose olher than that for which the same is a;quired.
The University shall oe seli-financing and shalJ neirher make a oemand 1or shallbe entitred to any grant in-aid or any orhe. i:nanciat assisrance jrom lhe Srate Uovernment or any olher body or corporation owned or controlled oy the State Government
(1) The University mayhav€ constiluenl colleges. Begioral Conlers and St,dy Cenlres
(2) The Unjversity may, with the prior approvat of the Board ol Governors, aftitiate any cdllege or other lnstitution.
r he objectives for whrch rhe Universily is established a.e as fol.ows :-
(a) To provide tnstruction, teaching, lraining and research in special;zeo fieids 0t Ftnance and l\,4anagemeri inc,udinq Financial Ana,ysis ( teading to lhe. ..4 CFA Charter and Desionation), Accounting (reading to Ihe CPA Certli:cate "".'ol"Tn""ta^f, g""ning, lnsulance' Financral Services' F nancial ;;;;;;;t;l Buiiness Management' Law Educat'on' lvedical sciences' J:ill,";;;#;;;j;;ilnce aid rechnorosv and rerared sLbiecls and make ;1;:#;i;;;;;;;l"ouin""'"n' uniiii'seminar;on or'<nowredse Powers ol the univesily.
therein:
(b) lo establish a.
campuses an0
(f)
(b)
(c) ' (d)
(o) camous in tha Slate oi Sikk;m and to have study centers' ?"*ri""ri'*i*& ar d;flerent p'aces ir lnd a aTd
(c)
(d) ,"oblo# "ont;.ri"s uno o 111"T*::: "#1,:":j 'uno o,r", u."6".r" to institute degrees, diplomas, charters' !1"ii""i.""'""" t-t"lodsis oi examination orany oiher method ot il3ll,""tJli"i" *nn ",n",colleges oI un:vers:1'es research irsrirurions' rndJsrry ;.'":#,-1"". ;;;;;;.i"nal aisociations including rhe council ol chartered ii^"."liuienuir.r.
"na the sociely o'Certitied PLblic Accountants or anv ;ilil;';;;i;; ;;;dia or abroad to conceptJalize' desisn and deve'op soecific educalionalano researcn programs' 1ra ning programs a^d erchange -ninor.a" iol.
"tro"ntt, faculry members and others :
i"ilti".ii"t" i"J*r"ige th;ough seminars' contelencos exoc'l've :,"";ca;; ;;;;;;;; c;;m''rnitv'deveropmenr p'osrams' puDr;cations and training Programs i to unde4a{e proglams Ior tne 1(a''1'ng and developnenl of lacuhy mernbers i,] i." il"ir",!rvi"a ,her institurio;s 1 lndia or abroad ;
ro unoenake collaoorat've researcn with any organilat;on in Ind:a or abroad:
io create higne'levels or llql|":lY1i:l:i";J"1 a-o pLbt,c orsanizat'on :
to orovide consullancy lo industry, Uo\ [;".'J""ili;; ;i;ila'a ot tne oes'ees' oiplomas' charters' ce(i{icates and othe. academic d;strncrions are not lowei than lhose laid dowo by the "r#;;"*ra;;;;;;;is;ion (uGc) Arr rndia coLncir tor recnnical EJr"-"u* tiiciif , g*counc;lof lrdia (BCl)' tne Disrance Education council '"iE81l tiJ'o"-""ic*""i1 of lndia (Dcl) the lndian Nursing Council (lNc) ' ii'"-iliil"ri-"r'-iarl"dia (Mcl)' lhe N;tionar councilfor Teacher Educalion iitt+H;;-# il;;;;";'councir ot tndia (PC{1 and other National Accreditation bodies ;
;il;iii;;s;;;;"''"ry or expedient to promote the above obieclives ;.
,o p'Jrlr" "ni otr',"l, ooj"ciive as may be approved Dy the Staie Governmani The Un versity shaJ have the {ollowinn oowels' namely :'
i"iJi"or-i"n, i""i*"i" 'nd recognize iuch Begional cenlres and Studv c"""t,"1"" ,Llv r" o"ermineo by Ihe lJniversity lrom time to dme in tne manner laid down bY the Stalutes;
i.l.rt o"i"r, ** otner activhies as may De necessary or feasible in irnt,er"n"e ot rft" oole"t ot tn" 'n''",'."JtJnu,"ates or other acaoemic to conlel degrees, diplomas, charters a].i."ti-"" "iJ p t,ir"i"'on al dosignations inclriding the CFA Cnader'and'-- "rji.,I""i.". ,n! cpe certilicate and Designation in the manner and unoor condiionslaid down in lhe Statutes :
- i""i"""1't"ririi'i""0 "*ilo iettowships, schotarsrrips and prizes etc'' in accordance with lhe Statutes ;
,.i"auJuno ,"""iu" tuch tees' bills' involces and sollect charges as may 1"" r"ir"i L-v tt'" st"t""s or rules' as rhe case mav be ;
."^"-liI ^i",;"i.* rol.
"xtra cLrricular activ;lies lor sludents and emPloy0es;
(e)
(s)
(h) (D 0)
(k) 0)
(m)
(1)
(a)
(s)
(h) lo nake appoinrmenrs of lne facurty, officers and e.nptoyees of rle Univers,N or ac-onstitudnt,cotlege, ati,lrated coleg;s. Begion", c""i,""1 S],,jv c""io"io"uLi;irn0ta and abroad :
:,?j^"::.^":,1":"!:;" :id sirts orany kind and to acqujre, hotd, manase, mainrain andorspose ot a1y rnovabJe or iTmovaole o,openy. initrai.g t.."r unJ E"O"*a":f -, pronenies for the purpose ol rhe University or; consr;rue"nr co,rege, ;i;- RegionaiCentre, Study Centre ;
1o institute and maintain halls and io recognize places of residence ior slLrdenls oitheUniversrty or a constiruent co ege at rhe;ain t"rpr" ""J.tn"ri""_pr#'i" i"jt"and abroad;
to supervrse and Control ihe residence, And lo regulale lJ.e OisctOt:ne amO-g thesiude^rs ano arr caregor'es or ernproyees ano to r;y down rhe condir on. or "1".,"" ot _s!ch emptoyees. incluoi-g tne,. code of conouct ;to create acadeqlic, ao,ninisrrativo ano sdppon slaff ard olher necessa.y posts ,to co'operateand collaborale with oth er U n iversities ana lnstitutionsln "rJf,"" r",i"*ardror such o-.poses as the Un:versiry may determine f,on time ro t,mp .
ru urrer prograTs on distance learnjno hasjs a.d conlinuirg education unJ,n" "unn",, 1^whicts such progra.ns are offered;y lne Universtly ;ro olgan'ze and conduct reiresher cou.ses, onentat:o; courses, worksnops, seritarsand othe. programs for teachers, oevelopers ot "or,"" *rr", "rutr"jo;;;:;;l;;.academtc slaff ;
lo determine slandards oi admission to th correses, res onar cenL;" ;.;"""#; iif il:,:li,:::i:i,^*:f :2.;;'Jl"*to make soecratprovrs;on ro. sr;oents oetonging ,"]h" a;t;'"rltkki;;;"";.::.
""rn_any course of the univers,ry or in a const,iue"ni;;it;g;, ;i, i"";:;6"*l;fi;:icentre or study centre ;
to^do^ail 'sucJ- oth6r acts or lhings whether incidertal to the powers aforesa,d or not f-T_1y ?: n"""..".y to rudher lhe objects of the Unrversily ,ro presc- b-e such coLrses for Bachelor Degree. Master Deg;ee, Docto. ol philosoDhvUoclorofScjenceDeg.eesandResearch-and"r"f,",,,"ifj"S["a.O,0,"."1'"t, Charlers, Cerlificates etc. ;
to provide fo. tne orepa.arion of inslrucrional maierials. i.ctudjlg fihs, casserres.tap_es, vrdeo cassenes, CD, VCD and orher soflware ;Io recogn'te examinatio4s or periods of srJdy (v/herher i.t lJll or i. pan) or otnerUniversilies, instttllions or other olaces oiH o' p",oo" or "r,dy 'n rh; ,l;,;;;:i; # i;s;,"r:l:il::"1';1'#f::J:i::LH,:-.
ro raise, coUecr s-bscrlbe and bor;ow w,rh tne approvat oi tr.e E;;;j;i;;r";;r;r,wnether on lh6 security or the prooerlv of he unrversrtv i lhe univers ty, noney for lhe Durposes of 1o e1le. hro, carry out, vary or cancetconlracls;
10 do all th'ngs necessary or expediert 10 exercise the above powers.
The Untverstty shall be open io aI Dersons i ranguage o,jender:
_'- ''_'r'-''v"s'Irespectiveofclass casle' creed' rel'gion, Provid€d that norhing tn thts sect.on sha be deemed ro orevent the Univers;tv lromrnakrrg special p.ovis,ons tor admission 1o studenls oi the srare.
(1) The University wi seek, obtajn and retain accreditation irom respective national accreditation bodies anci be subject to relevant provisions of the. University Grants Commissjon Act, j956 and the Begulaiions/Guidelines made thereunder irom time to time relating to private Universitjes.(2) The university shal obtain prior pemissron/ recognilion from National council lorTeacher Education (NCTE) and BarCouncil of lndja before commencind
(i) 0)
(k) 0)
(m)
(n)
(o)
(p)
(q)
(r)
(s)
(t)
(v)
(w)
(u) Univercity open g.
to all classes, cast66,crcecl, - teligion, language and gender.
National 10
(3) Teachers' Training programs and Law Education Program tespectively Jor confe'r'ng graduate or post gradLrate degrees. For tecnnica'courses, prio;
permission oftheAll lndia Council for Technical Education (AICTE)shallbe obtained. For other programs permission or recognition from concerned authorities/bodies, if required by any law forthe time betng in force, shall be obtained.
As regards other programs on technicat educalion the relevant laws, rules, reguiations etc. in the rnatterofobtaining approval/recognition or majntaining standards shall apply io the Universily.
Officets of the Univegity.
Chaprer t Officers of the University
11. The following shall be ihe ofticers of the University, namely t-
(a)The Chancellor;
(b)The Vice-Chancetlor;
(c) T^e Begisrrari
(d)The Finance Oflicer; and
(e)Such other offices as may be declared bythe Statutes to be of{icers ofthe Universiiy.