(1) There shall be a Fund of the 1[University] which shall include, —
(i) any contribution or grant made by the State Government ;
(ii) any contribution or grant made by the University Grants Commission or the Central Government ;
(iii) any contribution made by the State Bar Council ;
(iv) any bequests, donations, endowments or other grants made by private individuals or institutions ;
(v) income received by the 1[University] form fees and charges ; and
(vi) amounts received from any other source ; but shall not include any funds received from any agency for sponsoring a scheme.
(2) The amount in the Fund of the 1[University] shall be kept in a Scheduled Bank as defined in the Reserve Bank of India Act, 1934 (Act no. 2 of 1934) or in a corresponding new bank constituted under the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970 (Act no. 5 of 1970) and the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1980 (Act no. 40 of 1980) or may be invested in such securities authorized by the Indian Trusts Act, 1882 (Act no. 2 of 1882) as may be decided by the Executive Council.
(3) The Fund of the 1[University] may be utilized for such purpose of the 1[University] and in such manner as may be prescribed.
(i) any contribution or grant made by the State Government ;
(ii) any contribution or grant made by the University Grants Commission or the Central Government ;
(iii) any contribution made by the State Bar Council ;
(iv) any bequests, donations, endowments or other grants made by private individuals or institutions ;
(v) income received by the 1[University] form fees and charges ; and
(vi) amounts received from any other source ; but shall not include any funds received from any agency for sponsoring a scheme.
(2) The amount in the Fund of the 1[University] shall be kept in a Scheduled Bank as defined in the Reserve Bank of India Act, 1934 (Act no. 2 of 1934) or in a corresponding new bank constituted under the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970 (Act no. 5 of 1970) and the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1980 (Act no. 40 of 1980) or may be invested in such securities authorized by the Indian Trusts Act, 1882 (Act no. 2 of 1882) as may be decided by the Executive Council.
(3) The Fund of the 1[University] may be utilized for such purpose of the 1[University] and in such manner as may be prescribed.
Source footnotes
1. Subs. by sec. 2 of U.P. Act no. 35 of 2006.आगे पढ़ें / Continue reading
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Section 1 · Short title, extent and commencementSection 2 · DefinitionsSection 3 · Establishment and incorporation of the UniversitySection 4 · Objectives of the UniversitySection 5 · Powers and functions of the UniversitySection 6 · Teaching in the UniversitySection 7 · Visitor of the UniversitySection 8 · Authorities of the UniversityIndia Code, Government of India. Text fetched 12 Oct 2026. Source metadata reports last modification: 2025-07-09. Check the linked official text and subsequent notifications when applying a provision.