Updated: Tuesday December 31, 2013/AthThulatha
Safar 28, 1435/Mangalavara
Pausa 10, 1935, at 03:13:19 PM
[1][1]The
(Pb. Act II of 1997)
[
An Act to provide for the establishment of the
Preamble. Whereas it is expedient to establish the Lahore School of Economics;
It
is hereby enacted as follows:-
1. Short title and commencement. (1) This Act may be called the Lahore School
of Economics Act 1997.
(2) It shall come into force at once.
2. Establishment of the School. (1) There shall be established an
institution to be called the Lahore School of Economics Act, 1997.
(2) The School shall be a body corporate
having perpetual succession and a common seal with power to acquire, hold and
dispose of property and shall by the said name sue and be sued.
3. Functions and powers of the School. The functions and powers of the School shall
be,---
(a) to
provide for instruction and training in,---
(i) economics,
finance and business administration; and,
(ii) such
other branches of learning as the Board of Governors may determine with the
approval of the Patron given on the recommendation of a committee constituted
by the Education Department;
(b) to
provide for research, demonstration and other services, and for the advancement
and dissemination of knowledge;
(c) to hold examinations and confer on or award degrees, diplomas,
certificates and other academic distinctions to persons who have passed its
examinations;
(d) to
select and promote faculties;
(e) to
prescribe courses of studies;
(f) to
establish and support other facilities for education, training and research;
and
(g) to
decide teaching methods and strategies in order to ensure the most effective
educational and training programmes.
4. Jurisdiction. (1) The jurisdiction of the School shall,
subject to sub-section (2), be restricted to its campus to be located in
(2) The School shall not open a sub-campus
or affiliate any other institution for ten years from the commencement of this
Act after which period it may have sub-campuses or affiliate other institutions
with the approval of the Patron.
5. Patron. (1) The Governor of the
(2) The Patron or his nominee shall preside
at the convocations of the School.
(3) Every proposal to confer an honorary
degree shall be subject to confirmation by the Patron.
6. Inspection and inquiry. (1) The Patron may cause an inspection or
inquiry to be made in respect of any matter connected with the affairs of the
School.
(2) The Patron shall communicate to the
Board of Governors his views with regard to the result of the inspection or
inquiry and shall, after ascertaining the views of the Board, advise the Board
on the action to be taken by it.
(3) The Board of Governors shall, within
such time as may be specified by the Patron, communicate to him such action, as
has been taken as a result of the inspection or inquiry.
(4) Where the Board of Governors does not,
within the time specified, take action to the satisfaction of the Patron, the
Patron may issue such directions as he thinks fit and the Board shall comply with
all such directions.
(5) The Patron may, on the recommendation of
a Committee constituted by the Patron and comprising a nominee of the Board of
Governors, a judge of the Lahore High Court to be nominated by the Chief
Justice of the said Court and a Professor Emeritus or Vice Chancellor, take any
action against the school including its closure.
(6) The Government may make rules to give
effect to the provisions of sub-section (5).
7. Board of Governors. (1) The Board of Governors of the School
shall consist of the following:---
(i) Chairman of the National Economics Foundation
(a body registered at
(ii) Members of the Board of Trustees of the
National Economics Foundation subject to a maximum of eight members;
(iii) a judge of the Lahore High Court to be
nominated by the Chief Justice of the said High Court;
(iv) Chairman, University Grants Commission or his
nominee not below the rank of a whole time Member;
(v) a Vice Chancellor of a University in the
(vi) the Rector;
(vii) Education Secretary, Government of the
(viii) Finance Secretary, Government of the
(2) The Chairman of the National Economics
Foundation shall be the Chairman of the Board of Governors.
8. The
Rector.
(1) The Rector, who shall be an eminent scholar of national repute and an
educationist of distinction, shall be appointed by the Patron on the nomination
of the National Economics Foundation on such terms and conditions as may be
determined by the Board of Governors.
(2) The Rector shall perform such functions
as are assigned to him by the Board of Governors.
9. Powers and functions of the Board. The administration and management of the
affairs of the School shall vest, in the Board.
10. Business of the Board. (1) The meetings and the business of the
Board shall be conducted in such manner and in accordance with such procedure
as may be prescribed and until these matters are prescribed, as may be
determined by the Board.
(2) No act or proceeding of the Board shall
be invalid by reason of any vacancy or defect in the constitution of the Board.
11. Appointments. The School may appoint such persons in its
service as may be necessary on such terms and conditions as may be determined
by the Board.
12. Committees. The Board may constitute such committees as
may be deemed necessary for carrying out the purposes of this Act.
13. Delegation of powers. The Board may delegate to any person or a
committee any of its powers, duties or functions.
14. School Fund. (1) There shall be a fund to be known as the
Lahore School of Economics Fund, which shall vest in the School and to which
shall be credited all sums received by the School.
(2) The fund shall be kept in such custody
and shall be utilized and regulated in such manner as may be prescribed.
15. Budget, audit and accounts. The budget of the School shall be approved
and its accounts shall be maintained and audited in such manner as may be
prescribed.
16. Regulations. The Board may, by
notification, make regulations for the administration and management of the
affairs of the School.
17. Removal of difficulties. If any difficulty arises in giving effect to
any of the provisions of this Act, the Government may, on the recommendations
of the Board, give such directions, not inconsistent with the said provisions,
as it may consider necessary for the removal of such difficulty.
18. Repeal.
The Lahore School of Economics Ordinance 1997 (XV of 1997) is hereby repealed.
[1][1]This Act was passed by the
Punjab Assembly on 13th June, 1997; assented to by the Governor of the Punjab
on 14th June, 1997; and, was published in the Punjab Gazette (Extraordinary),
dated 16th June, 1997, pages 845 to 847.
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