LAHORE SCHOOL OF ECONOMICS ACT, 1997

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THE LAHORE SCHOOL OF ECONOMICS ACT 1997 
(II of 1997) 
CONTENTS 
1. Short title and commencement 
2. Establishment of the School 
3. Functions and powers of the School 
4. Jurisdiction 
5. Patron 
6. Inspection and inquiry 
7. Board of Governors 
8. The Rector 
9. Powers and functions of the Board 
10. Business of the Board 
11. Appointments 
12. Committees 
13. Delegation of powers 
14. School Fund 
15. Budget, audit and accounts 
16. Regulations 
17. Removal of difficulties 
18. Repeal 
 
 
 
TEXT 
THE LAHORE SCHOOL OF ECONOMICS ACT 1997 
(II of 1997) 
[16th June, 1997] 
An 
Act 
to provide for the establishment of the Lahore School of Economics 
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. 
(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 Patro n 
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, di plomas, 
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 Lahore. 
 
 
(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 Punjab shall be the Patron of the School. 
(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 sh all, 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 Patr on 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 
Lahore on 13th October 1992 under the Societies Registration Act 
1860); 
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 Punjab nominated by the 
Patron; 
vi) the Rector; 
 
 
vii) Education Secretary, Government of the Punjab or his nominee not 
below the rank of an Additional Secretary; and 
viii) Finance Secretary, Government of the Punjab or his nominee not 
below the rank of an Additional Secretary. 
(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 th e 
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 Boar d.– 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 person s 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 maintaine d and audited in such manner as may be 
prescribed. 
16. Regulations.– The Board may, be notification, make regulations for the 
administration and management of the affairs of the School. 
17. Removal of difficulties .– If any difficulty arises in giving effec t 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 Schoo l of Economics Ordinance 1997 (XV of 1997) is 
hereby repealed.