Section 30: Sponsored schemes.

The National Institute of Fashion Technology Act, 2006Central Act · Act 28 of 2006

Notwithstanding anything contained in this Act, whenever the Institute receives funds from any Government, the University Grants Commission or any other agency including industry sponsoring a research scheme or a consultancy assignment or a teaching programme or a chaired professorship or a scholarship, etc., to be executed or endowed at the Institute:--

(a) the amount received shall be kept by the Institute separately from the Fund of the Institute and utilised only for the purpose of the scheme; and

(b) the staff required to execute the same shall be recruited in accordance with the terms and conditions stipulated by the sponsoring organisations:

Provided that any money remaining unutilised shall be transferred to the endowment fund created under section 20 of this Act.

Where this provision sits

Act	The National Institute of Fashion Technology Act, 2006
Section	30
Marginal note	Sponsored schemes.
Jurisdiction	Central
Status	In force as published by the source

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