Lawgist26Fund of Institute
(1) The Institute shall maintain a Fund to which shall be credited--
(a) all monies provided by the Central Government;
(b) all fees and other charges levied and collected by the Institute;
(c) all monies received by the Institute by way of grants, gifts, donations, benefactions, bequests or transfers; and
(d) all monies received by the Institute in any other manner or from any other source.
(2) All monies credited to the Fund shall be deposited in such banks or invested in such manner as may be decided by the Executive Council.
(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.
Download our fully-offline, High speed android app.- Click here
- 1 Short title and commencement
- 2 Declaration of Rajiv Gandhi National Institute of Youth Development as an institution of national importance
- 3 Definitions
- 4 Incorporation of Institute
- 5 Effect of establishment of Institute
- 6 Objects of Institute
- 7 Functions of Institute
- 8 Institute to be open to all races, creeds, gender and classes
- 9 Teaching at Institute
- 10 Visitor
- 11 Authorities of Institute
- 12 Establishment of Executive Council
- 13 Terms of office of, vacancies among, and allowances payable to members of Executive Council
- 14 Meetings of Executive Council
- 15 Powers and functions of Executive Council
- 16 Academic Council
- 17 Functions of Academic Council
- 18 Finance Committee
- 19 Functions of Finance Committee
- 20 Other authorities
- 21 Officers of Institute
- 22 Director
- 23 Registrar
- 24 Other officers
- 25 Grants by Central Government
- 26 Fund of Institute
- 27 Endowment to other funds
- 28 Accounts and audit
- 29 Pension and provident fund
- 30 Appointment of staff of Institute
- 31 Power to make Statutes
- 32 Statutes how to be made
- 33 Power to make Ordinances
- 34 Ordinances how to be made
- 35 Conduct of business by authorities of Institute
- 36 Tribunal of Arbitration
- 37 Acts and proceedings not to be invalidated by vacancies
- 38 Grant of degrees, etc., by Institute
- 39 Sponsored schemes
- 40 Meetings of Academic Council and Finance Committee
- 41 Power of Central Government to give directions to Institute
- 42 Protection action taken in good faith
- 43 Power to make rules
- 44 Statutes, Ordinances notifications to be published in Official Gazette and to be laid before Parliament
- 45 Power to remove difficulties
- 46 Transitional provisions
