(1) The University shall within 30th August every year submit the working of the University.
(2) The annual report shall interalia contain the academic and administrative detail of the University.
(3) No Annual report shall be accepted unless the same is accompanied with the resolution of the Governing Board to the etTect that the annual report is placed in the Governing Board and passed unanimously.
By order of the Governor, DR. R. S. SI IUKLA Additional Chief S'eeretary 10 the Government of West Bel ci,al THE K Errl!. EXTRAORDINARY, JANUARY 4, 2019
SCHEDULE FORI- ENDOWMENT AGREEMENT (See rule 13) I. Sri/ Sint.
sponsoring trust namel part of this instrument) vide No endowment for the use do, hereby, make a fixed deposit of Rs. Ten Crores in Bank.
(description) out of the trust's fluids, specifically for the purpose of establishment of an and benefit of the University, the Chancellor of the Seacom. Skills University, being empowered by the vide its resolution dated (copy being
1. Schedule and Form of Contributions:— "lhe trust sponsored the University in us inek..ting (hued resolves t at sum of 'Zs. 'fen Crores will be pkteed in a nationalized bank namely in the form of a lon,g tel fixed deposits in the name of the University out of its own fund accumulated from its income as reflected in the last years balance sheet of the trust furnished to the Income Tax Department along with its Animal Return and Audit Report. The Fund will be known as the Seacom Skills University Endowment Fund and will be kept invested until dissolution/ winding up of the University.
The Trust further resolved that the Fund will never be removed from the above mentioned bank unless the hank is going into liquidation or otherwise closed. It is also resolved that the interest proceeds of the fund shall only be used for the development of the University,
11. Purpose:— The Seacom Skills University Endowment Fund shall be a permanent endowment and shall be used for the benefit of the University. The purpose of the fund is actually to secure the smooth functioning of the University during winding up procedure. The 'fund guarantees the student of the University that there should not be sudden closure of the University for which the future of the student may be jeopardized.