(1) There shall be established a non-affiliating unitary university, by the name of the "Marathi Bhasha Vidyapeeth, Riddhapur, Amravati".
(2) The university shall be a body corporate, by the name specified in sub-section (1) and shall have perpetual succession and a common seal and shall sue and be sued by the said name.
(3) In all suits and other legal proceedings by or against the university, the pleadings shall be signed and verified by the Registrar or any other person authorized in this behalf, and all process in suits and proceedings shall be issued to and served on the Registrar.
(4) The headquarter of the university shall be at Riddhapur, Amravati, Maharashtra.
(5) The jurisdiction of the university shall extend to the whole of the State of Maharashtra.
(6) The university shall be competent to acquire and hold property, both movable and immovable, to transfer by way of lease, sell, mortgage, leave and license, gift, Memorandum of Understanding (MoU) or otherwise, or dispose of any movable or immovable 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:
Provided that, no such transfer by way of lease, sell, mortgage, leave and license, gift, Memorandum of Understanding (MoU) or otherwise, or disposal of such property shall be made without the valuation made thereof by the approved valuer appointed by the university and without the prior permission of the State Government.