Section 3
(1) The Education Society, which has been promoted by the New Okhla Industrial Development Authority and the Greater Noida Industrial Development Authority, shall have the right to establish the University in accordance with the provisions of this Act.
3. (1) The Education Society, which has been promoted by the New Okhla Industrial Development Authority and the Greater Noida Industrial Development Authority, shall have the right to establish the University in accordance with the provisions of this Act.
(2) The Education Society shall, for the purposes of establishing the University under this Act, fulfill the following conditions, namely:—
(a) acquire such area of land as the State Government may consider necessary for the establishment of the University ;
(b) create a permanent endowment fund, general fund and development fund for the purposes of this Act ;
(c) arrange infrastructure and other facilities necessary for making the University functional ;
(d) make the first Statutes and the first Ordinances ; and
(e) such other conditions as may be required by the State Government to be fulfilled before the establishment of the University.
(3) Where the State Government is satisfied that the Education Society has fulfilled the conditions specified in sub-section (2), the State Government shall issue to the Education Society a certificate of authorization for the establishment of the University.
(4) On receipt of the certificate of the authorization under subsection (3), the Education Society shall establish at the headquarters
Establishment of the University
of District Gautam Buddha Nagar, the University by the name of Gautam Buddha University.
(5) The Chancellor, the Vice-Chancellor, members of the Board of Governors, members of the Board of Management and the Academic Council for the time being holding office as such in the University shall constitute a body corporate by the name of the University.
(6) On the establishment of the University under sub-section (4), the land and other movable and immovable properties acquired, created, arranged or built by the Education Society for the purposes of the University shall stand transferred to, and vest in, the University.