section 48
Expenditure of University during dissolution
The Institute of Chartered Financial Analysts of India University (Nagaland) Act, 2006Education200351 sections
Statutory text
- (1) The expenditure for administration of the University during the taking over period of its management under section 47 shall be met out of the Endowment Fund, the General Fund or the Development Fund.
- (2) If the funds referred to sub-section
- (1) are not sufficient to meet the expenditure of the university during the taking over period of its management, such expendituyre may be met by disposing of the properties or assets of the University.
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