(1) The expenditure for administration of the University during the taking over period under Section 48 shall be made out of the Endowment Fund, the General fund or the development fund.
(2) If the funds referred to sub-section (1) are not sufficient to meet the expenditure of the University during the taking over period of its management, such expenditure may be met by disposing of the properties or assets of the University, by the State Government.
(2) If the funds referred to sub-section (1) are not sufficient to meet the expenditure of the University during the taking over period of its management, such expenditure may be met by disposing of the properties or assets of the University, by the State Government.
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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.