Amendment status not verified — confirm the current text below against the official source.
Whenever the University receives funds from any Government, the University Grants Commission or other agencies sponsoring a scheme to be executed by the University, notwithstanding anything in this Act or the regulations, the amount received shall be kept by the University separately from the University fund and utilized only for the purpose of the scheme and the staff required to execute the scheme shall be recruited in accordance with the terms and conditions stipulated by the sponsoring organization.