28. (1) The Institute shall maintain a fund to which shall be credited:-
(a) all money provided by the State Government;
(b) all fees and other charges received by the Institute;
(c) all money received by the Institute in any other manner or from any other source.
(2) All moneys credited to the Fund shall be deposited in Nationalized Banks and invested in such manner as the Institute may, with the approval of the State Government, decide.
(3) The fund shall be applied towards meeting the expenses of the Institute including expenses incurred in the exercise of its powers and performance of its functions under section 9.
(a) all money provided by the State Government;
(b) all fees and other charges received by the Institute;
(c) all money received by the Institute in any other manner or from any other source.
(2) All moneys credited to the Fund shall be deposited in Nationalized Banks and invested in such manner as the Institute may, with the approval of the State Government, decide.
(3) The fund shall be applied towards meeting the expenses of the Institute including expenses incurred in the exercise of its powers and performance of its functions under section 9.
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Section 1 · Short titleSection 2 · DefinitionsSection 3 · Establishment and incorporation of the InstituteSection 4 · Institute open to all Classes & CreedSection 5 · Compositon of the InstituteSection 6 · Terms of the office and cacancies among membersSection 7 · Meetings of the InstituteSection 8 · Objects of the InstituteIndia Code, Government of India. Text fetched 10 Oct 2026. Source metadata reports last modification: 2025-04-21. Check the linked official text and subsequent notifications when applying a provision.