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Section 14: Maintenance/ Utilization of Security Deposit

The University Of Engineering And Management, Kolkata Rules, 2018State Rules of West Bengal · 2014

There shall be pledged a security deposit of Rs. 1.00 crore in Form-B appended to the Schedule to these rules by the University.

(2) The Deed of Pledge shall be executed in favor of the State Government along with a Bank Guarantee.

The Deed of Pledge shall be executed by the Chancellor of the University being authorized by the sponsoring trust and to be registered before the appropriate Registering authority.

(4) An Officer of the State Government not below the rank of an Assistant Secretary to the Government of West Bengal will be authorized to execute the Deed of Pledge on behalf of the State Government..

The State Government may at any point of time, upon satisfaction to that effect that the provisions of the Act is violated by the University, may forfeit the security deposit through the Bank Guarantee furnished in this behalf.

(6) The University shall be giver] all opportunity of being heard before forfeiting the security deposit.

Where this provision sits

ActThe University Of Engineering And Management, Kolkata Rules, 2018
Section14
Marginal noteMaintenance/ Utilization of Security Deposit
JurisdictionState of West Bengal
StatusIn force as published by the source

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