Amendment status not verified — confirm the current text below against the official source.
(1) The University shall have General Fund:to which shall be General Fund. credited, — (a) fees and other charges received by the University ; (b) any income received from consultancy and other work undertaken by the University ; (3) bequests, donations, endowments and any other grants; and (d) funds and grants received from any source by the University _ for résearch projects from any Government and non- Government agencies. - 158- PUNJAB:GOVT GAZ. (EXTRA), NOV. 25, 2010 . (AGHN 4, 1932 SAKA), . . “Qh The General Funds shal} be utilized for the following purposes. ee $453 sy ht eth oHHSG PY git ott dpperyse: “ye Ya) forthe i indi of debts: including interest aE thereto “incurred by the University 5 SES Lae et} oben acing TE Ace SER st “ee a a eS ‘of the assots 0 al the: ee: 3 ee ar. they peyhcint Beales: sini valence of the itiibers . “and ‘employees of:the: University; and, for-the. payment of Ea S Po fF SS ne ‘ ma pte emepae at : (hy: ‘forthe payne aa! $ i) . for acquisition of: and. onany; ‘ind of development work or. . any benefits to any such officers and employees ; Pe for the payment of travelling and other, allowances of the - members. of the. authorities. of. the, Livery. and of the _members of any, committee or. board; - RF : (g).. Agr. the payment ot fellowships, £ freeships, scholarships, to students belonging to Ethier f the" society or réseatch may be, or to eaty Student ¥ | associates 0 or trainees, as the ¢ ~¢ otherwise eligible’ for such ‘awards = t of any expétises: ineurred ty the Riaepesity 5. . likewise activities for. ‘the purpose. Of the University ‘ie FA2ks doomed 7 the Trust for setting m up yand running the University and the investments made therefor ; ( i) ie the ayitent of Gimees and ‘expenditure relating to the cata _ consultancy: work undertaken by. the, University ; and () forthe payment ‘ofa any expenditure: salities, taxes, liabilities ‘of, Cte; by the Trust for or, on, behalf-of the University. - (3). The. University shall devise accounting system to handle the ailtninisiation of finance.and accounts ina simple: >and efficient manner so that _liinecessary procedural complications can be avoided. . — Wa a $ PUNJAB GOVT GAZ. (EXTRA.), NOV. 25, 2010 (AGHN 4, 1932 SAKA)