Amendment status not verified — confirm the current text below against the official source.
(1) The University shall establish and constitute a fund to be known as general fund of the University to which the following shall be credited:— . (a) fees and other charges received by the University from the students; (b) any contribution made by the Sponsoring society; (c) any income received from consultancy and other work undertaken by the University in pursuance of its objectives; (d) trusts, bequests, donations, endowments and -any other grants; and (e) all other sums received by the University from any source whatsoever. (2) The general fund of the University may be utilized for the following purposes:— (a) for payment of debts including interest charges thereto incurred by the University; (b) for upkeep of the assets of the University; (c) for the payment of cost of audit of the University; (d) for meeting the expenses of any suit or proceedings to which the University. is a party; (e) for payment of salaries and allowances of the officers and non-teaching employees of the University and members of the teaching and research staffs and for payment of any provident fund contribution, gratuity and other benefits to any such officers, employees and members of teaching and research staff; (1) for the payment of travelling and other allowances of the members of the Governing Board, the Academic Councils, the Board of Studies and other authorities so declared under the Statutes of the University and of the members of any committee appointed by any of the authorities or by the Chancellor or the Vice-Chancellor and other officers and employees in performance of official duties, as the case may be, of the University; PART III] THE KOLKATA GAZETTE, EXTRAORDINARY, JANUARY 9, 2018 17 The Sister Nivedita University Act, 2017. (Sections 32, 33.) (g) for the payment of fellowship, free-ships, scholarships, assistance-ships and other awards to the student belonging to economically weaker sections of the society or research associates or trainees, as the case may be, or to any student otherwise eligible for such awards under the Statutes, Regulations and the Ordinances; (h) for the payment of any expenses incurred by the University in discharging its functions; (i) for payment of cost of capital expenditure not exceeding the prevailing bank rate of interest, incurred by the Sponsoring trust for setting up the University and the investment made therefor; (j) for the payment of charges and expenditure relating to the consultancy work undertaken by the University in pursuance of this Act; (k) for the payment of any other expenses including service fees payable to any organization charged with the responsibility of providing any specific service, including the managerial services, liasioning services, rental services, promotional consulting services, placement services etc. to the University on behalf of the Sponsoring trust, as approved by the Governing Board to be an expense incurred for the purpose of the University; (1) for payment of promotional and advertisement expenses of the University; and (m) for payment of honorarium to visiting faculties, speakers etc. (3) The University may also create by Ordinances, separate special funds for the administration of Students' Welfare, Endowments, Donations and Gifts, trust or specific grants or grants for other special purposes. Endowment Fund of the University. Pension and Provident Fund.