Section 7 in The Nalanda University Act, 2010
Title: Governing Board.
(1) There shall be a Governing Board of the University consisting of the following persons as its members, namely:--
(a) the Chancellor;
(b) the Vice-Chancellor;
(c) five members from amongst the Member States which provide maximum financial assistance during a period of three years to be nominated by the Member States;
(d) one member, not below the rank of Secretary in the Ministry of External Affairs, to be nominated by the Central Government;
(e) two members, representing the State Government of Bihar, to be nominated by the State Government;
(f) one member not below the rank of Additional Secretary in the Ministry of Human Resource Development, to be nominated by the Central Government;
(g) three members from amongst the persons being renowned academician or educationist, to be nominated by the Central Government.
(2) Each member of the Governing Board referred to in clauses (c) to (g) of sub-section (1), shall hold office for a fixed term of three years.
(3) The Chancellor shall be the Chairperson of the Governing Board.
(4) The member, being the Secretary in the Ministry of External Affairs, nominated under clause (d) of sub-section (1), shall be the Member-Secretary of the Governing Board.
(5) Subject to the provisions of this Act, the Statutes and the Ordinances made thereunder, the Governing Board may regulate its own procedure (including quorum) for the conduct of its meetings
Title: Powers and functions of Governing Board.
(1) The Governing Board shall be responsible for all the policies and directions of the University and management of its affairs.
(2) The Governing Board shall exercise such powers as may be prescribed by the Statutes:
Provided that the Nalanda Mentor Group shall exercise the powers and discharge the functions of the Governing Board for a period of one year or till such time the members referred to in clauses (c) to (g) of sub-section (1) of section 7 are nominated, whichever is earlier.
Title: Objectives of University.
(1) The objectives of the University shall be—
(a) to impart education and to enable research towards capacity building of the Member States in the domain of ancient science (in particular, practised in the Nalanda several centuries ago), philosophy, language, history and other areas of higher learning vital for improving the quality of life;
(b) to contribute to the promotion of regional peace and vision by bringing together the future leaders of the East Asia, who by relating to their past history can enhance their understanding of each others' perspectives and to share that understanding globally;
(c) to harmonise the academic standards and accreditation norms in teaching, research and curriculum that are acceptable to all Member States;
(d) to create a unique partnership between the scholars and interested persons from the Member States;
(e) to understand Buddha's teachings in the contemporary context without excluding any other thoughts and practices from any other parts of the world;
(f) to enhance research for greater interaction between Asian countries, particularly between East Asia, bound by strong historical commonalities in areas like trade, science, mathematics, astronomy, religion, philosophy and cross-cultural current;
(g) to foster in the students and scholars the spirit of accommodation, understanding and thus to train them to become exemplary citizens of democratic societies;
(h) to contribute to the improvement of the educational system of the Member States in view of the teaching in Nalanda several centuries ago;
(i) to provide education and training in various arts, crafts and skills of the Member States, raising their quality and improving their availability to the people.
(2) The University shall be non-profit public-private partnership, which shall seek support from each of the Member States and from other sources but shall be autonomous and accountable to the Governing Board.
Title: Powers of University.
The University shall have the following powers, namely:--
(i) to make provision for providing, upgrading and promoting holistic and inclusive education and training and research in such education as set out in the objects, and to create an enabling and conducive environment for the pursuit of such education in close co-operation with other experts, scholars and interested persons in India, Asian countries and other countries;
(ii) to set up a consortium of international partners and friendly countries in furtherance of the objects of the University;
(iii) to generate and maintain resources through consultancy services, continuing education programmes, national and international collaborations and intellectual property rights;
(iv) to provide for instruction in such branches of learning as the University may, from time to time, determine and to make provisions for research and for the advancement and dissemination of knowledge;
(v) to establish such special centres and specialised laboratories and such other units for research and instruction as are necessary for the furtherance of its objects;
(vi) to plan and prescribe courses of study for degrees, diplomas, certificates or for any other purpose;
(vii) to hold examinations and grant diplomas or certificates to, and confer degrees and other academic distinctions on, persons who have pursued a course of study or conducted research, in the manner laid down by the Statutes and Ordinances;
(viii) to confer honorary degrees or other academic distinctions in the manner prescribed by the Statutes;
(ix) to institute Professorships, Readerships and Lecturerships and other teaching and academic positions, required by the University and to appoint persons to such Chairs, Professorships, Readerships and Lecturerships and other teaching and academic positions;
(x) to appoint visiting professors, Emeritus professors, consultants, scholars and such other persons who may contribute to the advancement of the objects of the University;
(xi) to recognise persons as professors, associate professors, or assistant professors or otherwise as teachers of the University;
(xii) to create administrative and other posts as the University may deem necessary from time to time and to make appointments thereto;
(xiii) to lay down conditions of service of all categories of employees, including their code of conduct;
(xiv) to establish and maintain centres in India or outside India, as may be determined from time to time;
(xv) to admit to its privileges institutions situated within its jurisdiction as the University institutions and to withdraw all or any of those privileges in accordance with such conditions as may be prescribed by the Statutes;
(xvi) to co-operate or collaborate or associate with any other University or authority or institution of higher learning or any other public or private body, having in view the promotion of purposes and objects similar to those of the University, in such manner as may be prescribed and for such purposes as may be determined or agreed upon by the University;
(xvii) to determine standards of admissions, including examination, evaluation or any other method of testing, to the University, and the institutions maintained by or admitted to the privileges of the University;
(xviii) to demand and receive payment of fees and other charges as may be prescribed;
(xix) to establish Halls and to recognise, guide, supervise and control Halls not maintained by the University and other accommodation for students, and to withdraw any such recognition;
(xx) to make arrangements for promoting health and general welfare of students and employees of the University;
(xxi) to regulate and enforce discipline among the students and the employees, and to take such disciplinary measures in this regard as may be deemed by the University to be necessary;
(xxii) to institute and award Fellowships, Scholarships and Prizes;
(xxiii) to receive benefactions, donations and gifts in accordance with the Ordinances and to acquire, hold, manage and dispose of any property, movable or immovable, including trust and endowment properties, for the purposes or objects of the University and to invest funds in such manner as it deems fit;
(xxiv) to borrow, with the approval of the Governing Board;
(xxv) to recognise for any purpose, either in whole or in part, any institution or members or students thereof on such terms and conditions as may, from time to time, be prescribed and to withdraw such recognition;
(xxvi) to make provision for research and advisory services and for that purpose to enter into such arrangements with other institutions or bodies as it may deem necessary;
(xxvii) to provide for the printing, reproduction and publication or research and other work which may be required by the University;
(xxviii) to exercise such other powers accorded to it and to do all such other acts as may be necessary, incidental or conducive to the promotion of all or any of the objects of the University.
Title: University open to all persons
The University shall be open to all persons irrespective of gender, caste, creed, disability, ethnicity or socio-economic background.