(1) If it appears to the State Government that any of the directions issued by it to the University under this Adhiniyam has been violated ora situation of financial mismanagement and maladministration has arisen in the university, it shall issue notice requiring the University to show cause within forty five days as to;
(a) Why an order of its liquidation should not be made;
(b) Why the board of management should not be suspended and an administrator be appointed under sub-section (7).
(2) If the State Government considers it necessary to suspend the Board of Management for the proper investigation, it shall, by notification published in the Gazatte, order suspension of the Board of Management and shall make such arrangements in consultation with the sponsoring body for the administration of the business of the University till completion of investigation as it may consider necessary.
(3) If the State Government, on receipt of reply of University in respect of notice issued under sub-section (1), is satisfied that there is a prima facie case of financial mismanagement, maladministration or violation of any of the provisions of this Adhiniyam or directions issued thereunder it shall make an order of such enquiry as it may consider necessary
(4) The State Government shall, for the purposes of any enquiry under sub-section (3), appoint an officer or authority to enquire into any of the allegations and to make report thereon.
(5) The enquiring authority appointed under sub-section (4) shall have the same powers as are vested in a civil court under the Code of Civil Procedure, 1908 (No. 40 of 1908) while trying a suit in respect of the following matters namely:
(a) Summoning and enforcing the attendance of any person and examining him on oath;
(b) requiring the discovery and production of any such document or any other material as may be predicable in evidence;
(c) requisitioning any public record from any court or office;
(d) any other matter which may be prescribed;
(6) Every enquiring authority enquiring under this Adhiniyam shall be deemed to be a civil court for the purposes of Section 195 and Chapter 26 of the Code of Criminal Procedure, 1973 (No. 2 of 1974);
(7) If the State Government on receipt of the enquiry report is satisfied that owing to financial mismanagement and maladministration a situation has arisen where by the financial stability or administration of the University has become insecure, it shall, by notification in the official Gazatte, order liquidation of the University or may cause the functioning of the University to continue by appointing an Administrator who shall have the powers vested in the Governing Body;
(8) While issuing notification in respect of liquidation under sub-section (7), the State Government, shall, till the end of its current course, make arrangement for the administration of business of the University.
(9) The State Government during the period of management of University under sub-section (8) shall use the funds available with the University and the surplus, if any, shall be forfeited for itself.
(10) Every notification issued under sub-section (7) shall be laid on the table of the Legislative Assembly.