Section 8(2)(j) in University of Petroleum and Energy Studies Act, 2003
(j)to receive donations and gifts of any kind and to acquire, hold, manage. maintain and dispose of any movable or immovable property, including trust and endowment properties for the purpose of the University or a Constituent College,Regional Centre, Study Centre and Career Academy Centre with the prior permission of Hydrocarbons Education And Research Society, New Delhi;