Sponsored Schemes.

35. Whenever the University receives funds from any Government, the University Grant Commission or other agencies sponsoring a scheme to be executed by the University notwithstanding anything in this Act or the regulations-

(a) the amount received shall be kept by the University separately from the University fund and utilized only for the purpose of the scheme; and

(b) the staff required to execute the scheme shall be recruited in accordance with the terms and conditions stipulated by the sponsoring organization.