Spokesperson of IIPM, run by management guru Arindam Chaudhuri, was not reachable for comments, while the chairman's office did not entertain calls.
Calls to UGC Secretary Niloufer Adil Kazmi's office were not returned.
The apex higher education body, in the notice, also said that "IIPM does not have the right of conferring or granting degrees as specified by the University Grants Commission under section 22(3) of the UGC Act."
The notice said: "It is hereby informed to the public at large and students that IIPM, New Delhi, is not a University within the meaning of section 2(f) of the UGC Act, 1956."
It added that IIPM is not recognized by the Ministry of Human Resource Development, UGC or the All-India Council for Technical Education (AICTE).