(1) If the University, proposes dissolution in accordance with the law governing its constitution or incorporation, it shall give at least six months notice in writing to the Government.
(2) On identification of mismanagement, mal-administration and indiscipline, the Government shall issue directions to the management of the University to set right the administration. If the direction is not followed within such time as may be prescribed, the right to take decision for winding up of the University shall vest with the Government.
(3) The manner of winding up of the University shall be such as may be prescribed by the Government in this behalf.
Provided that no such action shall be initiated without affording a reasonable opportunity to show cause to the University
(4) On receipt of the notice referred to in sub-section (1), the Government shall, in consultation with the relevant Regulatory Authority make such arrangements for administration of the University from the proposed date of dissolution of the University and until the last batch of students in regular courses of studies of the University complete their courses of studies in such manner as may be specified by the Statues.