Page 125 - Compendium of UGC Regulations 1957-2023

Regulations on Establishment, Maintenance and Recognition of Institutions:

7.3.3 It shall have counselling facilities for weaker students and for students with
different abilities and special teaching learning assistance programmes for such
students.
7.4 Financial Viability:
The financial viability of the institution shall be verifiable by the audited statements of
accounts of the institution for the previous five years immediately preceding the date
of application for declaration as deemed to be university
7.5 Corpus Fund:
7.5.1 In the case of Institutions not maintained or financed by the Government, the
following Corpus Fund shall be created and maintained permanently in the
name of the proposed institution deemed to be university by way of irrevocable
Government Securities or other forms approved by the Commission:
a. For institutions conducting professional programmes, such as Engineering
& Technology, Medicine – Rs. 15.00 crore
b. For institutions conducting programmes, such as Management, Law,
Education – Rs.8.00 crore
c. For institutions conducting other programmes – Rs.7.00 crore
d. For institutions conducting both professional and other programmes –
Rs. 18.00 crore
e. For institutions under de novo category – Rs. 40 crore
7.5.2 The Corpus fund shall not be liquidated without prior permission of the
Commission
7.5.3 The Commission shall have the power to direct any upward revision of the
Corpus Fund from time to time. The extent of corpus fund shall be reviewed by
the Commission every five years and any upward revision so ordered shall not
exceed the rate of inflation (measured through Wholesale Price Index) for that
period.

7.5.4 The interest accrued on the Corpus Fund may be used only for the purpose of
development of the institution deemed to be university.
7.5.5 In the event of withdrawal of declaration of ‘deemed to be university’ status or
dissolution of the Managing Society/Trust/Company of the institution deemed
to be university, the Corpus Fund shall stand transferred to the Commission for
meeting the liabilities, if any :
Provided that in case of a public funded deemed to university, the Corpus Fund
shall be transferred to the Central Government or the State Government, as the
case may be.
7.5.6 The provisions related to corpus fund shall be applicable only to those
deemed universities which come into existence after notification of the UGC
(Institutions Deemed to be Universities) Regulations, 2010. However, in the
case of Government Controlled institutions, the commitment of the State/UT
or the Central Government to fund them continuously shall be considered as
sufficient.

7.6 All movable and immovable properties of the institution or institutions that form the
integral part of the proposed institution deemed to be university shall remain legally
vested in the name of the institution in the manner as recognized under the Transfer of
Property Act, 1882 or any other law which may be in force. The land and other assets

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UGC Regulations