Section 21: Fund of Institutes.

The National Institutes of Pharmaceutical Education and Research Act, 1998Central Act · Act 13 of 1998

Fund of [Institutes].--(1) [Every Institute shall] maintain a Fund to which shall be credited—

(a) all moneys provided by the Central Government;

(b) all fees and other charges;

(d) all moneys received by the Institute in any other manner or from any other source.

(2) All moneys credited to the Fund shall be deposited in such banks or invested in such manner as the Institute may, with the approval of the Central Government, decide.

(3) The Fund shall be applied towards meeting the expenses of the Institute including expenses incurred in the exercise of its powers and discharge of its duties under this Act.

Where this provision sits

Act	The National Institutes of Pharmaceutical Education and Research Act, 1998
Section	21
Marginal note	Fund of Institutes.
Jurisdiction	Central
Status	In force as published by the source

How this provision has been amended

Taken from the footnotes printed with the provision by the source. Where a footnote names the amending instrument, it is quoted as printed.

substituted, Act 43 of 2021. . Subs. by Act 43 of 2021, s. 22, for "Institute" (w.e.f. 25-5-2022).
substituted. . Subs. by s. 22, ibid., for "The Institute shall" (w.e.f. 25-5-2022).

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