Amendment status not verified — confirm the current text below against the official source.
(1) The University shall also establish a Development Fund to which the following funds shall be credited, namely: — (a) development fees which may be charged from students; (b) all sums received from any other source for the purposes of the development Development Fund. 18 of the University; (c) all contributions made by the Sponsoring Body; (d) all contributions or donations made in this behalf by any other person or Body which are not prohibited by any law for the time being in force; and (e) subject for the provisions of sub-section (5) of section 44, incomes received from the Endowment Fund. (2) The funds credited to the Development Fund from time to time shall be utilized for the development of the University.