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Section 24: Fund of Institute.

The Rajiv Gandhi Institute of Petroleum Technology Act, 2007Central Act · Act 54 of 2007

(1) The Institute shall maintain a fund to which shall be credited--

(a) all moneys provided by the Central Government;

(b) all fees and other charges;

(c) all moneys received by the Institute by way of grants, gifts, donations, benefactions, bequests or transfers; and

(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 may be decided by the Board.

(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

ActThe Rajiv Gandhi Institute of Petroleum Technology Act, 2007
Section24
Marginal noteFund of Institute.
JurisdictionCentral
StatusIn force as published by the source

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