General fund

The University shall have a general fund to which shall be credited- (a) its income from fees, endowments, grants, donations and gifts, if any; (b) any contribution or grant made by the Central Government, State Government, the University Grants Commission established under section 4 of the University Grants Commission Act, 1956 (Central Act No. 3 of 1956) or like authority or any local authority or any corporation owned or controlled by such Government; and other receipts.