The Executive Council shall implement the objectives of the Foundation based on the policy direction and guidance provided by the Governing Board, including the following functions, namely:--
(a) to consider applications for the grant of financial assistance in accordance with the eligibility criteria as determined necessary for such grants;
(b) to determine through regulations,--
(i) the requirements for registration, the form and manner for making of applications for financial assistance;
(ii) reports and certification to be furnished pursuant to availing the financial assistance;
(iii) the requirements of extension of financial assistance; and
(iv) the grounds for revocation of financial assistance;
(c) to facilitate and provide any assistance as may be required to ensure filing of applications for intellectual property rights pursuant to the research undertaken through financial assistance under this Act; and
(d) any other function as may be delegated to it from time to time by the Governing Board.
(a) to consider applications for the grant of financial assistance in accordance with the eligibility criteria as determined necessary for such grants;
(b) to determine through regulations,--
(i) the requirements for registration, the form and manner for making of applications for financial assistance;
(ii) reports and certification to be furnished pursuant to availing the financial assistance;
(iii) the requirements of extension of financial assistance; and
(iv) the grounds for revocation of financial assistance;
(c) to facilitate and provide any assistance as may be required to ensure filing of applications for intellectual property rights pursuant to the research undertaken through financial assistance under this Act; and
(d) any other function as may be delegated to it from time to time by the Governing Board.
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More sections of this act
Section 1 · Short title and commencement.Section 2 · Definitions.Section 3 · Establishment of Foundation.Section 4 · Objectives of Foundation.Section 5 · Governing Board.Section 6 · Meetings of Governing Board.Section 7 · Executive Council.Section 8 · Meetings of Executive Council.India Code, Government of India. Text fetched 14 Oct 2026. Source metadata reports last modification: 2025-11-07. Check the linked official text and subsequent notifications when applying a provision.