Provided that such degrees or distinctions shall not be conferred without the previous approval of the Chancellor.

The University Fund The University Fund

1. (1) The University shall establish a fund to be called the University fund.
2. (2) The following shall form part of, or be paid into, the University fund:
   • (a) any contribution or grant by the State Government;
   • (b) the income of the University from all sources including income from fees and charges;
   • (c) any bequests, donations, endowments or other grants made to the University;
   • (d) such other sums as may be received by the University.
3. (3) The University fund shall be kept in the State Bank of India or in such other bank as may be approved by the State Government.