section 45
University Fund
The Rajasthan Ayurved, Yoga And Naturopathy University, Ajmer Act, 2026Education202668 sections9 chapters
Chapter VIII FUND AND FINANCE
Statutory text
- (1) The University shall establish a fund to be called the University Fund.
- (2) The following shall form part of or be paid into, the University Fund:-
- (a) any contribution or grant by the State Government, the Union Government, or the University Grants Commission;
- (b) the income of the University from all sources including income from fees and charges; and
- (c) bequests, donations, endowments and other grants, if any.
- (3) The University Fund shall be kept in any scheduled bank as defined in the Reserve Bank of India Act, 1934 (Central Act No. 2 of 1934) or the State Bank of India constituted under the State Bank of India Act, 1955 (Central Act No. 23 of 1955) or being such a bank as may be approved by the State Government on the recommendation of the Board of Management.
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