Nalanda University Bill repeals 2007 Bihar act, creates body corporate

This Bill establishes the Nalanda University in Bihar as a body corporate and an institution of national importance to serve as an international center for intellectual, philosophical, historical, and spiritual studies. It aims to implement decisions from the East Asia Summits to promote regional educational cooperation and understanding among member states.

The Bill affects the Nalanda University, its employees, students, and academic staff. It also involves the Central Government, the State Government of Bihar, and the Member States of the East Asia Summit, which nominate members to the Governing Board and provide financial assistance.

• Declares Nalanda University as an institution of national importance.
• Establishes the University as a body corporate with perpetual succession and a common seal.
• Transfers all property, rights, liabilities, and employees from the previous University of Nalanda (under the 2007 Act) to the new University.
• Creates a Governing Board consisting of the Chancellor, Vice-Chancellor, nominees from East Asia Summit Member States, and representatives from the Central and State Governments.
• Specifies that the University's jurisdiction extends to the whole of India and to centers established within or outside India.
• Outlines objectives including imparting education in ancient science, philosophy, and history, and promoting regional peace among East Asian leaders.
• Provides for the establishment of study centers outside India with the approval of the Governing Board.

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