(1) With effect from the appointed day, the existing University, shall be deemed to have been reconstituted as the Dr. Babasaheb Ambedkar Technological University under this Act.
(2) The first Chancellor, the first Vice-Chancellor and the first members of the Executive Council and the Academic Council, and all persons who may hereafter become the Chancellor, the Vice-Chancellor and members of the Executive Council and the Academic Council, are hereby constituted and declared to be a body corporate by the name of the "Dr. Babasaheb Ambedkar Technological University" and such body corporate shall have perpetual succession and a common seal, and may by that name, sue and be sued.
(3) The University shall be a affiliating University and the territorial limits, within which the powers conferred upon the University by or under this Act may be exercised, shall comprise the whole of University area and it may affiliate any other college, or institution conducting engineering, pharmacy, architecture, hotel management and catering technology courses for the conferment of degrees, diplomas or grant certificates to the students admitted therein.
(4) The University shall be competent to acquire and hold property, both movable and immovable, to lease, sell or otherwise transfer or dispose of such property which may vest in, or be acquired by it, for the purposes of the University, and to contract and do all other things necessary for the purposes of this Act.
(5) The principal seat of the University shall be at Lonare in Raigad district in Konkan region, or at such other places as the State Government may, by notification in the Official Gazette, specify in this behalf.
(6) The University may establish Regional centres at Mumbai, Pune, Nagpur, Aurangabad and at such other places as may be determined by the University, from time to time, in the manner laid down by the Statutes.
(7) The University may establish Sub-centres at Kolhapur, Solapur, Amravati, Nanded, Jalgaon and at such other places as may be determined by the University, from time to time, in the manner laid down by the Statutes.