General Fund:

36. General Fund: (3) The University shall establish a fund, which shall be called the General Fund to which the following shall be credited, namely: (a) Fees and other charges received by the University; (b) Any contribution made by the Sponsoring Body; (c) Any income received from consultancy and other work undertaken by the University in pursuance of its objective; (d) Trusts, bequests, donations, endowments and any other grants; and (e) All other sums received by the University. (4) The funds credited to the General Fund shall be applied to meet all the recurring expenditure of the University. CHAPTER-VII ACCOUNTS, AUDIT AND ANNUAL REPORT