The University may accept moneys from the Government of India, the State Government, the University Grants Commission, and also borrow money from a Bank or a Corporation, for the purposes of the University Provided that, where the University intends to borrow money from a Bank or a Corporation or both exceeding an amount of fifty thousand rupees at a time or in the aggregate, it shall obtain the prior written approval of the Government therefore.
Section 27: Power to Borrow
Jharkhand University of Technology Act 2011 and its ammendmentState Act of Jharkhand · Act 855 of 2011
Where this provision sits
| Act | Jharkhand University of Technology Act 2011 and its ammendment |
|---|---|
| Section | 27 |
| Marginal note | Power to Borrow |
| Jurisdiction | State of Jharkhand |
| Status | In force as published by the source |
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