Vidhi Codex

section 35

Objects to which University Fund may be applied

The Mahatma Gandhi Chitrakoot Gramodaya Vishwavidhyalaya Adhiniyam 1991
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Chapter VI UNIVERSITY FUND, ETC.

Statutory text
  1. (1) The University Fund shall be applicable to the following objects :-
    • (a) To the repayment of debts incurred by the University for the purposes of this Act and the Statutes, the ordinances and Regulations made thereunder;
    • (b) To the upkeep of colleges/Institutes, teaching departments, residence and halls;
    • (c) to the payment of the cost of audit of the University fund;
    • (d) to the expense of any suit or proceedings to which University is a party;
    • (e) to the payment of salaries and allowances of the employees of the University, members of the teaching staff and the establishment employed in the colleges/Institutes, the teaching department maintained by the University for and in furtherance of the purposes of this Act and the Statutes the ordinances and the Regulations made thereunder and to the payment of any provident fund, contributions, gratuity and other benefits to any such officers and employees, members of the teaching staff or the members of such establishments;
    • (f) to the payment of the travelling and other allowances of the members of the Board Academic Council and any other authorities of the University and/or the members of any committee or board appointed by any of the Authorities of the University in pursuance of any provision of this Act and the statute, the ordinances and regulations made thereunder;
    • (g) to the payment of fellowships, scholarships and other awards to students.
    • (h) to the payment of any expenses incurred by the University in carrying out the provisions of this Act and the Statutes, the ordinances, the Regulations made thereunder.
      • (i) to the payment of any other expenses not specified in any of the proceedings, clauses declared by the Board to be the expense for the purposes of the University.
  2. (2) No expenditure should be incurred by the University in excess of the limits of total recurring expenditure and total non-recurring expenditure for the year fixed by the Board without the previous approval of the Board.
  3. (3) No expenditure other than provided for in the budget shall be incurred by the University without the previous approval of the Board.

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