Source :: http://www.ugc.ac.in/pdfnews/3604913_English.pdf
In case you are not able to access the link, I am uploading the pdf here
Also following is the content of the notice.
It is hereby informed to the public at large and students that Indian Institute of Planning and Management (IIPM) is not a University within the meaning of Section 2(f) of the University Grants Commission Act, 1956. Further, as per Section 22 of the University Grants Commission Act, 1956, the Indian Institute of Planning and Management (IIPM) does not have the right of conferring or granting degrees as specified by the University Grants Commission under Section 22(3) of the University Grants Commission Act. It is further clarified for information that Indian Institute of Planning and Management is neither entitled to award MBA/BBA/BCA degree nor it is recognized by UGC. The public and students are also hereby informed that only universities established either by a Central Act, a Provincial Act or a State Act or an Institution deemed to be university under Section 3 of the University Grants Commission Act or an institution especially empowered by Parliament to award degree, can confer or grant degrees which are specified by the University Grants Commission under Section 22(3) of the University Grants Commission Act, 1956. A list of degrees specified by the University Grants Commission is available on the University Grants Commission website www.ugc.ac.in for the information of all concerned.
