General Fund

1) The University shall establish a general fund to which the following amount shall be credited namely; a. All fees which may be charged by the University, b. All sums received from any other source. c. All contributions made by the Sponsor. d. All contributions/donations made in this behalf by any other person or body, which are not prohibited by any law for the time being in force. 2) The funds credited to-the general fund shall be applied to meet the recurring expenses of the University.