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Fund of the Institute | Sanjay Gandhi Postgradute Institute of Medical Sciences Act 1983 | LAWGIST

Sanjay Gandhi Postgradute Institute of Medical Sciences Act 1983

All Sections

Fund of the Institute

§24

Summary

(1) The Institute shall maintain a fund in which shall be credited:- (a) All moneys provided by the Sate 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, requests or transfers; (d) All moneys received by the Institute in any other manner or from any other source. (2) All moneys credited to the Funds shall be deposited in such banks or invested in such manner as the Institute may, with the approval of the State 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 8.

<span style="margin-left:15px;"></span><span style="margin-left:15px;"></span>(1) The Institute shall maintain a fund in which shall be credited:-<br> <span style="margin-left:15px;"></span><span style="margin-left:15px;"></span><span style="margin-left:15px;"></span>(a) All moneys provided by the Sate Government;<br> <span style="margin-left:15px;"></span><span style="margin-left:15px;"></span><span style="margin-left:15px;"></span>(b) All fees and other charges received by the Institute;<br> <span style="margin-left:15px;"></span><span style="margin-left:15px;"></span><span style="margin-left:15px;"></span>(c) All moneys received by the Institute by way of grants, gifts, donations, benefactions, requests or transfers;<br> <span style="margin-left:15px;"></span><span style="margin-left:15px;"></span><span style="margin-left:15px;"></span>(d) All moneys received by the Institute in any other manner or from any other source.<br> <span style="margin-left:15px;"></span><span style="margin-left:15px;"></span>(2) All moneys credited to the Funds shall be deposited in such banks or invested in such manner as the Institute may, with the approval of the State Government, decide.<br> <span style="margin-left:15px;"></span><span style="margin-left:15px;"></span>(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 8.<br><br>

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