section 32
General Fund
The Madras School of Economics Act, 2020Education202049 sections10 chapters
Chapter VIII FUNDS
Statutory text
- (1) The Institute shall establish a general fund to which the following amount shall be credited, namely:-
- (a) the income received by the Institute from fees and charges;
- (b) any bequests, donations, endowments or other grants made by private individuals or institutions;
- (c) any contribution or bequests from the Industries, traders or entrepreneurs;
- (d) all sums received from any other source;
- (e) all contributions made by the Society; and
- (f) all contributions made in this behalf by any other person or body which are not prohibited by any law for the time being in force.
- (2) The moneys credited to the general fund shall be applied to meet all the recurring expenditure of the Institute.
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