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Section 55: Expenditure of the University during dissolution

Azim Premji University Ordinance, 2009State Ordinance of Karnataka · No. 14 of 2010

(1) The expenditure of administration of the University during the taking over period of its management under sub-section

(4) of section 54 shall be met out of the Permanent Statutory Endowment Fund, the General Fund or the Development Fund.

(2) If the fund referred to in section 46, 47, 48 and 49 are not sufficient to meet the expenditure of the University during the taking over period of its management, such expenditure may be met by disposing of the properties or asset of the University, by the Government.

(3) Where the dissolution of the University is due to mis-management or mal administration, the Government is at liberty to identify the persons responsible for such mis-management or maladministration and to impose penalty as it deems fit.

Where this provision sits

ActAzim Premji University Ordinance, 2009
Section55
Marginal noteExpenditure of the University during dissolution
JurisdictionState of Karnataka
StatusIn force as published by the source

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