(I) There shall be established an Endowment Fund by the University as provided under the Act.
(2) The endowment fund shall be established and executed. in Form-A appended to the Schedule to these rules and the instrument is to be properly stamped and registered before the appropriate Registering authority.
(3) A certified copy of the registered instrument executing Endowment fund shall be submitted to the State Government soon after its registration.
(4) The State Government may, from time to time, collect the status of the fund from the bank in which the fund is kept invested, and the executor of the fund shall furnish a bank guarantee to this effect.
The Annual report ofthe University shall consist a statement to the effect along with details that the Endowment Funds is regularly administered.