Closure of affiliated college or recognized institutions.

<span style="margin-left:15px;"></span>(<i>1</i>) No management of an affiliated college or recognized institution shall be allowed to close down the affiliated college or recognized institution without prior permission of the State Government. <br> <span style="margin-left:15px;"></span>(<i>2</i>) The management desirous of closing down the college or recognized institution shall apply to the university on or before the first day of August of the preceding year, stating fully the grounds for closure, and pointing out the assets in the form of buildings and equipment, their original cost, the prevailing market value and the grants so far received by it either from the University Grants Commission, the State Government or from public funding agencies. <br> <span style="margin-left:15px;"></span>(<i>3</i>) On receipt of such an application, the Academic Council shall cause to make inquiries as it may deem fit, to assess and determine whether the affiliated college or recognized institution be permitted to effect the closure. The Academic Council may examine whether the closure should be avoided by [providing necessary assistance or taking over the college or institution by the university or] transferring it to another management. <br> <span style="margin-left:15px;"></span>(<i>4</i>) If the Academic Council decides to recommend the closure, it shall prepare and submit to the Management Council, a report on the extent of damages or compensation to be recovered from the management for the assets created utilizing the funds provided by the University Grants Commission, the State Government or other public funding agencies. <br> <span style="margin-left:15px;"></span>(<i>5</i>) The Academic Council shall, with prior concurrence of the Management Council and approval of the State Government decide whether the affiliated college or recognized institution be permitted the closure. <br> <span style="margin-left:15px;"></span>(<i>6</i>) The university may transfer the college or a recognized institution to another management with prior approval of the State Government and after following the procedure prescribed in that behalf.<br> <span style="margin-left:15px;"></span>(<i>7</i>) The procedure to effect the closure shall be in phases, to ensure that the students already admitted to the affiliated college or recognized institution are not affected, and that the first year shall be closed first and no new admissions shall be effected. The procedure to phase out the closure shall be such as may be prescribed. <br> <span style="margin-left:15px;"></span>(<i>8</i>) The procedure for closure of affiliated colleges, or recognized institutions, referred to in sub-sections (<i>1</i>) to (<i>7</i>) shall, <i>mutatis-mutandis</i> apply in the case of closure of faculties, courses of studies or satellite centres. <br>