Fund of the Institute

(1) There shall be an Institute Fund for the Institute which shall include the following:- (i) any contribution or grant made by the State Government; (ii) any contribution or grant made by the University Grants Commission or the Central Government; (iii) any contribution made by the State Bar Council; (iv) any bequest, donation, endowments or other grants made by private individuals or institutions; (v) income received through fees and charges by the Institute; and (vi) amounts received from any other source. (2) The money in the said fund shall be deposited in any schedule bank as defined in the Reserve Bank of India Act, 1934 or invested in such securities as may be authorised by the Indian Trusts Act, 1882, as may be decided by the Executive Council. (3) The said fund may be used for such purposes of the Institute and in such manner as may be prescribed in the Regulations.