Section 53: Utilization of funds and movable property of private institutions

The Arunachal Pradesh Education Act 2010State Act of Arunachal Pradesh · Act 8 of 2010

(1) All the monies received or held by or on behalf of every private institution shall be utilized for the purposes for which they are intended, and shall be accounted for by the Governing Council in such manner as may be prescribed.

(2) All the monies received or held by or on behalf of every private institution shall be deposited in a Scheduled Bank.

(3) The surplus fund of every such institution shall be invested in such manner as may be prescribed and shall be utilized towards educational development only.

CHAPTER-X Accounts,Audit, Inspection and Returns

Where this provision sits

Act	The Arunachal Pradesh Education Act 2010
Section	53
Marginal note	Utilization of funds and movable property of private institutions
Jurisdiction	State of Arunachal Pradesh
Status	In force as published by the source

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