Section 6 — The Neotia University Act, 2014

6 THE KOLKATA GAZETTE., EXTRAORDINARY, JANUARY 4, 2019 [PART (6) The Administrator shall soon after his appointment, prepare an inventory of all properties, includmc its assets and liabilities and shall fiirnish to the State Government for consideration. (7) The University shall not be dissolved until the liabilities of the. University are completely meet up by realixing the same from the properties of the University. lb. Powers and functions of Administrator:— ( The person associated with higher education who shall preferably he an Officer of the State Government not below the rank of Joint Director of Public Instruction, or of a Joint Secretary to the State Government may he appointed as Administrator. (2. The Administrator shall on his appointment, immediately, stop all kind of admission process in any course pursued in the University. (3) No new employment shall he permitted during dissolution procedure. However, auditor or sonic othcr experts necessary in furtherance of closure of the University may be engaged by the Administrator. (4) The Administrator, shall wherever necessary, apply to the relevant regulatory authority for closure of courses from the immediately next academic session and shall strive to obtain No Objection Certificate from relevant regulatory authority, (51 The Administrator shall arrange all examinations for the remaining students and publish results and award decree to the eligible students in regular manner until the last student of the University is passed otn. (6) After closure of all academic activities. the Administrator shall submit a report to the State Government .regarding the assets and liabilities of the University. 17, Annual report of the University:— (1) The University shall within 30th August every year submit to the State Government an Annual Report regarding the working of the University'. (2) The annual report shall, interalia, contain the academic and administrative details of the University, (3) No Annual report shall be accepted unless the same is accompanied with the resolution of the Governing Board to the effect that the annual report is placed in the Governing Board and passed unanimously.. By order of the Governor, DR. R. S. SIMKIA Additiona/ Secretary to the Governme .• f*st PART 11 THE KOLKATA GAZETTE, EXTRAORDINARY, JANUARY 4, 2019 7 SCHEDULE ENDOWMENT AGREEMENT (See rule 13) 1, Sri Snit. , the Chancellor of the Amity University, being empowered by the sponsoring trust/society/company namely , vide its resolution dated (copy being part of this instrument) do, hereby, make a fixed deposit of Rs. Ten Crores in Bank, vide No (description) out of the trust 'society/eornpany hinds, specifically for the purpose of establishment of an endowment for the use and benefit of the University.