The University shall invest and keep invested in securities in which trust funds may be invested in accordance with the law for the time being in force relating to trusts in 1[India] a sum of thirty lakhs of rupees as a permanent endowment to meet the recurring charges of the University other than charges in respect of fellowships, scholarships, prizes and rewards:
Provided that--
(1) any Government securities as defined in the Indian Securities Act, 1920 (10 of 1920), which may be held by the University shall, for the purposes of this section, be reckoned at their face value; and
(2) the aforesaid sum of thirty lakhs shall be reduced by such sums as, at the commencement of this Act, the 2[Central Government] shall, by order in writing, declareto be the total capitalised value, for the purpose of this section --
(a) of all permanent recurring grants of money which have been made either to the Muhammadan Anglo-Oriental College, Aligarh, the Muslim University Association or the Muslim University Foundation Committee, by any Ruler of a State in India; and
(b) of the total income accruing from immovable property (not being land or buildings, in the occupation and use of the said college) which by the operation of this Act has been transferred to the University
Provided that--
(1) any Government securities as defined in the Indian Securities Act, 1920 (10 of 1920), which may be held by the University shall, for the purposes of this section, be reckoned at their face value; and
(2) the aforesaid sum of thirty lakhs shall be reduced by such sums as, at the commencement of this Act, the 2[Central Government] shall, by order in writing, declareto be the total capitalised value, for the purpose of this section --
(a) of all permanent recurring grants of money which have been made either to the Muhammadan Anglo-Oriental College, Aligarh, the Muslim University Association or the Muslim University Foundation Committee, by any Ruler of a State in India; and
(b) of the total income accruing from immovable property (not being land or buildings, in the occupation and use of the said college) which by the operation of this Act has been transferred to the University
Source footnotes
1. Subs. by Act 62 of 1951, s. 4, for "Part A States and Part C States".2. Subs. by the A.O. 1937, for "G.G. in C.".
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More sections of this act
Section 1 · Short title and commencement.Section 2 · Definit ions.Section 3 · Incorporation.Section 4 · Dissolution of the Muhammadan Anglo-Oriental College, Aligarh, and the Muslim UniversityAssociation, and transfer of all property to the University.Section 5 · Powers of the University.Section 6 · Recognition of degrees.Section 8 · University open to all persons.Section 9 · [Omitted.].India Code, Government of India. Text fetched 13 Oct 2026. Source metadata reports last modification: 2020-04-06. Check the linked official text and subsequent notifications when applying a provision.