Amendment status not verified — confirm the current text below against the official source.
(1) The University $hall establish a fund to t+ called the ~ n i ~ k r s i t y Fund. Fund. ,. , > (2) The following sbaIl form part of, or be paid into, the ~ n i v e r s i t ~ Fund, namely - . (a) any contribution or grant by the Government, Central Government, Coundl, Ugiversity Grants Commission, Indusrrial Undqtakipp, I , Corporations, Compani'es or locat anthorities ; I - . (6) income of the University from any source including ,. . . incom? frqp fees, charges and sale proceeds; (c) bequests, donations, endowments and other grants, if any? received by the University ; Pnd . . , - - - I (d) miscellaneous receipts. (3) With the Prior approval of Government, the University may, from time to time, establish such other funds in such name and for such specific purpose or purposes as may be dec-ided by the B-oard. (4) Every Such fund shall, be kept in a Nationaliscd Bank 07 Scheduled Bank or invested in such hecuritics as may be decided by the'Bo~d.. (5) The funds, and a!l moneys of the University shall be managed . . in such manner as g a y be . prescribed I by Statutes. (6) The Government shall; for the purpose of sm?oJh functioning ofthe University, makc a lump sum grant to it every year. Power A