Amendment status not verified — confirm the current text below against the official source.
Endowment Fund:- (1) There shall be established an Endowment Fund as soon as may be after coming into force of this Act with an amount of rupees one crore which has been deposited by the Sponsoring Body with the State Government. (2) The Endowment Fund shall be used as security deposit to ensure that the University complies with the provisions of this Act and functions as per provisions of this Act, statutes and Ordinances. The State Government shall have the powers to