Amendment status not verified — confirm the current text below against the official source.
(1) The Board shall have its own fund, and the following moneys Custody and shall be credited thereto :— ifflW;ml of un (a) fees, royalties and charges, including penalties, levied and collected by the institution; . (b) grants, assignments, contributions and loans, if any, made to it by the Government; (c) bequests, donations and endowments or other contributions, if any; (dy interest and sale proceeds of any securities vested in it; (e) ali rents and profits from the property vested in it: (f) other moneys received by or on behalf of the Board. (2) TheBoard may keep money in current account or deposit itin an account in any scheduled bank as defined in the Reserve Bank of India Act, 1934 (2 of 1934). The sum as may be specified and any money in excess of the said sum shall be invested in such manner as may be approved by the Government. (3) Such accounts shali be cperated upon by such officers of the Board as may be prescribed.