Section 8: Institutes to be not-for-profit legal entity.

The National Institutes of Food Technology, Entrepreneurship and Management Act, 2021.Central Act · Act 19 of 2021

(1) Each Institute shall be a not-for-profit legal entity and no part of the surplus, if any, in revenue of the Institute, after meeting all expenditures in regard to its operations under this Act, shall be invested for any purpose other than for the growth and development of the Institute or for conducting research therein.

(2) Each Institute shall strive to raise funds for self-sufficiency and sustainability.

Where this provision sits

Act	The National Institutes of Food Technology, Entrepreneurship and Management Act, 2021.
Section	8
Marginal note	Institutes to be not-for-profit legal entity.
Jurisdiction	Central
Status	In force as published by the source

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