(1) The University shall establish a permanent endowment fund of least rupees two crore and to be deposited in one installment. (2) The University shall have power to invest the permanent 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 permanent endowment fund. Excepting in the dissolution of the University, in no other circumstances can any monies be transferred from corpus of the endowment fund for other purposes. (4) Not exceeding 75 of the incomes received from the corpus permanent endowment fund shall be used for the purposes of development works of the University; The remaining 25 shall be reinvested into the permanent endowment fund.
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Section 1 · Short title extent and commencementSection 2 · DefinitionsSection 3 · Objectives of the UniversitySection 4 · Power and functions of the UniversitySection 5 · University open to all classes, castes, creed and gender.Section 6 · University not to be entitled to financial assistance.Section 7 · Constituent Institutes.Section 8 · National & International Accreditation.India Code, Government of India. Text fetched 15 Oct 2026. Check the linked official text and subsequent notifications when applying a provision.