Lawgist23Fund of Institute
(1) 1[Every 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 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 Central Government, 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.
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1. Subs. by s. 19, ibid., for "The Institute" (w.e.f. 13-1-2020).
- 4 Incorporation of Institute
- 5 Effect of incorporation of the Institute
- 6 Powers of Institute
- 7 Institute be open to all races, creeds and classes
- 8 Teaching at Institute
- 9 Visitor
- 10 Authorities of Institute
- 11 Governing Council
- 12 Term of office of, vacancies among, and allowances payable to Chairperson and other members of Governing Council
- 13 Meeting of Governing Council
- 14 Powers and functions of Governing Council
- 15 Senate
- 16 Functions of Senate
- 17 Functions, powers and duties of Chairperson
- 18 Director
- 19 Dean
- 20 Registrar
- 21 Powers and duties of other authorities and officers
- 22 Grants by Central Government
- 23 Fund of Institute
- 24 Setting up of Endowment Fund
- 25 Accounts and audit
- 26 Pension and provident fund
- 27 Appointment of staff
- 28 Statutes
- 29 Statutes how to be made
- 30 Ordinances
- 31 Ordinances how to be made
- 32 Arbitral Tribunal
