(1) The Central Government may, by notification, establish for the purposes of this Act, one or more Universities for Research and Innovation each with such name as may be specified therein and different notifications may be issued for the establishment of different Universities for Innovation.



(2) The Central Government may, by notification, specify the name and headquarters of every such University for Research and Innovation established by it under sub-section (1).



(3) Every University for Research and Innovation established under sub-section (1) shall be a body corporate by the name as specified under sub-section (2) having perpetual succession and a common seal, with power, subject to the provisions of this Act, to acquire, hold and dispose of property, both movable and immovable, and to contract, and shall, by that name, sue or be sued.



(4) The jurisdiction of each University for Research and Innovation shall extend to the whole of India:



Provided that each University for Research and Innovation may, if it so deems fit, establish campuses and study centres in foreign countries in accordance with the provisions of the laws of such foreign country.