Lawgist22Fund of the Institute
(1) Every Institute shall maintain a Fund to which shall be credited--
(a) all moneys provide by the Central Government;
(b) all fees and other charges received by the Institute;
(c) all moneys received by the Institute by way of 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 of any Institute shall be deposited in such Banks or invested in such manner as the Institute may, with the approval of the Central Government, decide.
(3) The Fund of any Institute 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 Incorporation of institutes
- 5 Effect of incorporation of institutes
- 5A Effect of incorporation of Institute of Technology, Roorkee
- 5B Effect of incorporation of Indian Institute of Technology (Banaras Hindu University), Varanasi
- 6 Powers of Institutes
- 7 Institutes to be open to all races, creeds and classes
- 8 Teaching at Institute
- 9 Visitor
- 10 Authorities of Institutes
- 11 Board of Governors
- 12 Term of office of, vacancies among, and allowances payable to, members of Board
- 13 Functions of Board
- 14 Senate
- 15 Functions of Senate
- 16 Chairman of Board
- 17 Director
- 18 Deputy Director
- 19 Registrar
- 20 Other authorities and officers
- 21 Grants by Central Government
- 22 Fund of the Institute
- 23 Accounts and audit
- 24 Pension and provident fund
- 25 Appointments
- 26 Statutes
- 27 Statutes how made
- 28 Ordinances
- 29 Ordinances how made
- 30 Tribunal of Arbitration
