(1) The Sponsoring Body may dissolve the University by giving a notice to that effect in the prescribed manner to the Government and the employees and the students of the University at least one year in advance:
Provided that dissolution of the University shall take effect only after the last batches of students of the regular courses who have been admitted before issuance of notice have completed their courses and they been awarded degrees, diplomas or awards, as the case may be.
(2) On the dissolution of the University all the assets and liabilities of the University shall vest in the Sponsoring Body, except the land leased out by the State Government which shall be resumed by the Government.
Acts and proceedings not to be invalidated by vacancies.
Returns and information.
Management of University on dissolution.
Conferment of Degrees.
19 of
1925.
24