Amendment status not verified — confirm the current text below against the official source.
(1) The University shall establish a general fund to which the following amount shall be credited— (a) all fees which may be charged by the University; (b) all sums received from any other sources; (c) all contributions made by the Founder Society; and all grants received from State Government/Central Government and I.C.A.R.; (d) all contributions made in this behalf by any other person or body which are not prohibited by any law for the time being in force. (2) The moneys credited to the general fund shall be applied to meet all the recurring expenditures of the University.