Loyola College is established and administered by LOYOLA JESUIT SOCIETY, a charitable Society under the Articles 30(1) of the Constitution of India, primarily meant for Christian minorities. The College also caters to the educational needs of the others irrespective of caste and creed. As per the provision of Articles 30(1) of the Constitution of India and verdict of the 11-member bench of the Supreme Court on 12-8-2005, this college has the right:
- to admit students
- to set up a reasonable fee structure
- to constitute a governing body.
- to appoint staff (teaching and non teaching) and
- to take action if there is dereliction of duty on the part of any employees (Para 50) The following paragraphs of the Supreme Court verdict may be referred to regarding the rights of the self-financing and minority institutions: 50-52,61-66,69,70,111,112,115,116,138,139