Executive Summary:
This notification from the Ministry of External Affairs, Nalanda Division, announces amendments to the Nalanda University Statutes, 2012. It establishes changes to the composition of the Governing Board and introduces an Endowments Committee to raise funds and foster public-private partnerships. The notification is effective as of March 3, 2014.
Key Points / Main Content:
Governing Board Amendment:
* Clause 4 of Statute 6 is replaced: The Governing Board nominates the Chairperson, and other members are appointed by the Chairperson in consultation with the Chancellor.
Endowments Committee Establishment:
* Statute 6A is inserted, creating an Endowments Committee.
* The Committee will raise resources for the University's Endowments Fund.
* The Committee will assist the Governing Board in fostering Public Private Partnerships.
* The Committee will interact with institutions, organizations, and individuals for achieving the aims and objectives in Public Private Partnership programs.
* The Committee will perform other roles and functions determined by the Governing Board.
* The Chairperson of the Committee is a permanent invitee to all Governing Board deliberations.
* The Governing Board nominates the Chairperson, and other members are appointed by the Chairperson in consultation with the Chancellor.
Impact Analysis:
Governing Board:
* Impact: Composition and responsibilities are modified regarding the appointment of members and the establishment of the Endowments Committee.
* Action Required: Nominate the Chairperson of the Endowments Committee and define the committee's roles and functions.
Chancellor:
* Impact: Involved in consultations regarding the appointment of members to the Governing Board and Endowments Committee.
* Action Required: Consult with the Chairperson of the Governing Board and Endowments Committee on member appointments.
University Administration:
* Impact: Responsible for supporting the newly formed Endowments Committee and implementing its recommendations.
* Action Required: Provide administrative support to the Endowments Committee and facilitate its interactions with external organizations.
Endowments Committee:
* Impact: Newly formed committee responsible for raising funds and fostering public-private partnerships for the University.
* Action Required: Develop strategies for fundraising and engaging with potential partners.
Key Entities Referenced
Nalanda University: A university established in India, which is the subject of the policy document. The document pertains to amendments to the Nalanda University Statutes.
Nalanda University Act, 2010: The legislative act that established Nalanda University. Section 28 of this act grants powers related to statutes.
Nalanda University Statutes, 2012: The set of rules and regulations governing Nalanda University, which are being amended by this notification.
Governing Board: The primary decision-making body of Nalanda University, responsible for making amendments to the statutes and appointing members.
Visitor: An official who must provide assent for amendments to the Nalanda University Statutes.
Endowments Committee: A newly formed committee within Nalanda University focused on raising resources and fostering public-private partnerships for the university's endowment fund.
Chancellor: An official of Nalanda University who is consulted by the Chairperson for appointments to the Endowments Committee.
Dr. Anupam Ray: Joint Secretary, Ministry of External Affairs, who signed the notification.
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MINISTRY OF EXTERNAL AFFAIRS
(Nalanda Division)
NOTIFICATION
New Delhi, the 3rd March, 2014
No. S/321 /23/2011·—In exercise of the powers conferred by section 28 of the Nalanda University Act, 2010 (39
of 2010) and with the assent of the Visitor, the Governing Board hereby makes the following amendment to the Nalanda
University Statutes, 2012, namely:--
2. In the Nalanda University Statutes, 2012 (hereinafter referred to as principal statutes, in statute 6, for clause (4),
the following clause shall be substituted, namely:--
"(4) The Governing Board shall nominate the Chairperson and other members shall be appointed by the
Chairperson in consultation with the Chancellor."
3. In the principal statues, after statute 6, the following statute shall be inserted, namely:--
"6A. Endowments Committee.-- (1) An Endowments Committee shall be constituted to raise resources for the
Endowments Fund of the University. It shall also assist the Governing Board in furtherance of Public Private Partnership
and shall interact with institutions, organisations and individuals for achieving the aims and objectives in such Public
Private Partnership programmes.
(2) The Committee shall perform such other roles and functions as the Governing Board may determine from
time to time.
(3) The Chairperson of the Committee shall be a permanent invitee to all the deliberations of the Governing
Board.
(4) The Governing Board shall nominate the Chairperson and other members shall be appointed by the
Chairperson in consultation with the Chancellor."
Dr. ANUPAM RAY, Jt. Secy. (Nalanda)
[ADVT. III/4/Exty./191-D/13]
Note % (1) The principal Statutes were published in the Gazette of India (weekly), Part III, Section 4, dated the March
31-April 6, 2012 vide notification No. S/321/23/2011.
(2) The principal Statutes were last amended vide notification No. S/321/23/2011 published in the Gazette of India
Extraordinary, Part III, Section 4, dated February 7, 2014.
Printed by the Manager, Government of India Press, Ring Road, Mayapuri, New Delhi-110064
and Published by the Controller of Publications, Delhi-110054.