Lawgist32Sponsored schemes
Notwithstanding anything contained in this Act, whenever the Institute receives funds from any Government, the University Grants Commission or any other agency, including industry sponsoring a research scheme or a consultancy assignment or a teaching programme or a chaired professorship or a scholarship, etc., to be executed or endowed at the Institute—
(a) the amount received shall be kept by the Institute separately from the Fund of the Institute and utilised only for the purpose of the scheme; and
(b) the staff required to execute the same shall be recruited in accordance with the terms and conditions stipulated by the sponsoring organisations:
Provided that any money remaining unutilised shall be transferred to the endowment fund created under section 22 of this Act.
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- 31 Act and proceedings not to be invalidated by vacancies
- 32 Sponsored schemes
- 33 Power of Institute to grant degree, etc
- 34 Institute to be public authority under the Right to Information Act, 2005
- 35 Power of Central Government to make rules
- 36 Returns and information to be provided to Central Government
- 37 Transitional provisions
- 38 Statute and Ordinance to be published in the Official Gazette and to be laid before Parliament
- 39 Power to remove difficulties
