LawgistThe Rajiv Gandhi Institute of Petroleum Technology Act
24Fund of Institute
(1) The Institute shall maintain a fund to which shall be credited--
(a) all moneys provided by the Central Government;
(b) all fees and other charges;
(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 may be decided by the Board.
(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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THE INSTITUTE
- 4 Incorporation of Institute
- 5 Constitution of Board of Governors
- 6 Term of office of, vacancies among, and allowances payable to, members of Board
- 7 Vesting of properties
- 8 Effect of incorporation of Institute
- 9 Functions of Institute
- 10 Powers of Board
- 11 Institute to be open to all races, creeds and classes
- 12 Teaching at the Institute
- 13 Visitor
- 14 Authorities of Institute
- 15 Establishment of General Council
- 16 Powers and functions of General Council
- 17 Senate
- 18 Functions of Senate
- 19 President of Board
- 20 Director
- 21 Registrar
- 22 Powers and duties of other authorities and officers
- 23 Grants by Central Government
- 24 Fund of Institute
- 25 Setting up of endowment fund
- 26 Accounts and audit
- 27 Pension and provident fund
- 28 Appointments
- 29 Statutes
- 30 Statutes how made
- 31 Ordinances
- 32 Ordinances how made
- 33 Conduct of business by authorities of Institute
- 34 Tribunal of Arbitration
