(1) The University shall have General Fund to which shall be credited General Fund
(a) its income from fees, grants, donations and gifts, if any;
(b) any contribution or grant made by the Central Government or any State Government or any local authority or the University Grants Commission or any other similar body or any corporation owned or controlled by the Central or any State Government.
(c) endowments and other receipts; and
(d) the money borrowed by it.
38. The University may have such funds as may be prescribed.
Other Funds
39. The funds and all moneys of the University shall be managed in such manner as may be prescribed.
Management of Funds
40. The annual report of the University shall be prepared by the Syndicate and shall be submitted to the Academic Council on or before such date as may be prescribed and shall be considered by the Academic Council at its next annual meeting. The Academic Council may pass resolutions thereon and communicate the same to the Syndicate which shall take action in accordance therewith. The Syndicate shall inform the Academic Council of the action taken by it. A copy of the report with a copy of the resolution thereon, if any, of the Academic Council shall be submitted to the Government.
Annual Report