Lawgist21Fund of Institute
(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 of every 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 every 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.
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- 4 Incorporation of Institutes
- 5 Effect of incorporation of Institutes
- 5A Effect of incorporation of Bengal Engineering and Science University, Shibpur
- 6 Powers of Institutes
- 7 Institutes to be open to all races, creeds and classes
- 8 Teaching at Institutes
- 9 Visitor
- 10 Authorities of Institutes
- 11 Board of Governors
- 11A Board of Institutes of Second Schedule and Third Schedule
- 12 Term of office of, vacancies among, and allowances payable to, members of Board
- 13 Powers and functions of Board
- 14 Senate
- 15 Functions of Senate
- 16 Chairperson of Board
- 17 Director and Deputy Director
- 18 Registrar
- 19 Other authorities and officers
- 20 Grants by Central Government
- 21 Fund of Institute
- 22 Accounts and audit
- 23 Pension and provident fund
- 24 Appointments
- 25 Statutes
- 26 Statutes how made
- 27 Ordinances
- 28 Ordinances how made
- 29 Tribunal of Arbitration
