Section 33: Sponsored schemes.

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

Whenever the Institute receives funds from any Government, the University Grants Commission or any other agency sponsoring a scheme to be executed by the Institute, notwithstanding anything in this Act,--

(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;

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

Provided that any money remaining unutilised under clause (a) shall be transferred to the endowment fund created under section 22 of this Act.

Where this provision sits

Act	The National Institutes of Pharmaceutical Education and Research Act, 1998
Section	33
Marginal note	Sponsored schemes.
Jurisdiction	Central
Status	In force as published by the source

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