Lawgist16Fund of Institute
(1) The Institute shall maintain a Fund to which shall he 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 functions under section 13.
Download our fully-offline, High speed android app.- Click here
- 1 Short title and commencement
- 2 Declaration of Post-Graduate Institute of Medical Education and Research, Chandigarh, as an institution of national importance
- 3 Definitions
- 4 Incorporation of Institute
- 5 Composition of Institute
- 6 Term of office of, and vacancies among, members
- 7 President of Institute
- 8 Allowances of President and members
- 9 Meetings of Institute
- 10 Governing Body and other Committees of Institute
- 11 Staff of Institute
- 12 Objects of Institute
- 13 Functions of Institute
- 14 Vesting of property
- 15 Payment to Institute
- 16 Fund of Institute
- 17 Budget of Institute
- 18 Accounts and audit
- 19 Annual report
- 20 Pension and provident funds
- 21 Authentication of orders and instruments of Institute
- 22 Acts and proceedings not to be invalidated by vacancies, etc
- 23 Grant of medical degrees, diplomas, etc., by Institute
- 24 Recognition of medical qualifications granted by Institute
- 25 Control by Central Government
- 26 Disputes between Institute and Central Government
- 27 Returns and information
- 28 Transfer of service of existing employees
- 29 Continuance of facilities at Institute
- 30 Power to remove difficulties
- 31 Power to make rules
- 32 Power to make regulation
