5. Conditions for the establishment of the University. -
The Sponsor Society shall for the purposes of establishing the University under the Act shall fulfill the following conditions, namely-(a)Duly possesses minimum 10 acres contiguous land for the university;(b)Building construction on land mentioned in clause (a) of minimum of 20,000 sqm carpet area in which at least 50 percent, shall be for academic and administrative purposes;(c)Install equipments in offices and laboratories of the building as specified in clause (b) worth a minimum rupees four crore;(d)The Sponsor society shall make available to the State Government environmental clearance obtained as per rules from the Government of India;(f)The university shall establish a permanent endowment fund in the name of the State Government Under section 45.
