Lawgist21Funds of Institute
(1) The Institute shall maintain a Fund to which shall be credited—
(a) all moneys provided by the Central Government;
(b) all fees and other charges received by the Institute;
(c) all moneys received by the Institute by way of loans, grants, gifts, donations, benefactions, bequests or transfers; and
(d) all moneys received by the Institute in any other manner or from any other source.
(2) All moneys credited to the Fund shall be deposited in such banks or invested in such manner as the Institute may, with the approval of the Governing Council decide.
(3) The Fund shall be applied towards meeting the expenses of the Institute, including expenses incurred in the exercise of its powers and discharge of its duties under this Act.
Download our fully-offline, High speed android app.- Click here
- 4 Establishment of Institute
- 5 Vesting of properties
- 6 Effect of incorporation of Institute
- 7 Functions of Institute
- 8 Power of Governing Council
- 9 Institute be open to all races, creeds and classes
- 10 Teaching at Institute
- 11 Visitor
- 12 Authorities of Institute
- 13 The Senate
- 14 Functions of Senate
- 15 Functions, powers and duties of Chairperson
- 16 Managing Director
- 17 Secretary
- 18 Executive Director
- 19 Power and duties of other authorities and officers
- 20 Grants by Central Government
- 21 Funds of Institute
- 22 Setting up of endowment fund
- 23 Accounts and audit
- 24 Pension and provident fund
- 25 Appointment
- 26 Statutes
- 27 Statutes how made
- 28 Ordinances
- 29 Ordinance how made
- 30 Tribunal of Arbitration
