Amendment status not verified — confirm the current text below against the official source.
Fund of the University.- (1) There shall be a University Fund which shall include,- (a)any contribution or grant made by the State Government; (b)any contribution or grant made by the University Grants Commission or the Central Government; (c) any contribution made by the Bar Council of India; (d) any contribution made by the Bar Council of India Trust; (e) any contribution made by the State Bar Council; (f) any bequests, donations, endowments or other grants made by any private individual or institution; (f) income received by the University from fees and charges; and (g) amounts received from any other source. ∗Substituted vide Notification No. S.O.164 dated August 27, 2004, published in Rajasthan Gazette, Extraordinary, dated August 27, 2004. 31 (2) The amount of the said Fund shall be kept in a Scheduled Bank as defined in the Reserve Bank of India Act, 1934 (Central Act No. 2 of 1934), or in a corresponding new bank constituted under the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970 (Central Act No. 5 of 1970) and the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1980 (Central Act No. 40 of 1980) or may be invested in such securities authorized by the Indian Trust Act, 1982 (Central Act No. II of 1882), as may be decided by the Executive Council. (3) The said fund may be utilized for such purpose of the University and in such manner as may be prescribed by regulations.