(1) The University shall establish an Endowment Fund of at least Rupees two crores and paid in one installment.
(2) The University shall have power to invest the Endowment Fund in such manner as may be prescribed.
(3) The University may transfer any amount from the General Fund or the Development Fund to the Endowment Fund. Excepting in the dissolution of the University, in no other circumstances can any monies be transferred from the Endowment Fund for other purpose.
(4) Not exceeding 75 of the incomes received from the Endowment Fund shall be used for the purposes of development works of the University. The remaining 25 shall be reinvested into the Endowment Fund.
(2) The University shall have power to invest the Endowment Fund in such manner as may be prescribed.
(3) The University may transfer any amount from the General Fund or the Development Fund to the Endowment Fund. Excepting in the dissolution of the University, in no other circumstances can any monies be transferred from the Endowment Fund for other purpose.
(4) Not exceeding 75 of the incomes received from the Endowment Fund shall be used for the purposes of development works of the University. The remaining 25 shall be reinvested into the Endowment Fund.
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Section 1 · Short title, extent and commencementSection 2 · DefinitionsSection 3 · Right to establish the University.Section 4 · Establishment of the University.Section 5 · Self -sustaining University.Section 6 · Constituent colleges centers and affiliated colleges.Section 7 · Objectives of the University.Section 8 · Powers of the UniversityIndia Code, Government of India. Text fetched 10 Oct 2026. Check the linked official text and subsequent notifications when applying a provision.