Provided that if any authority is dissatisfied with any such direction, it may appeal to the Chancellor, whose decision shall be final.

General Fund General Fund 34.

1. (1) The University shall establish a fund to be called the General Fund, to which shall be credited,-
   • (a) its income from fees, land, endowments, grants, donations and gifts, if any;
   • (b) any contribution or grant made by the State Government or Central Government or any other authority;
   • (c) any other sum or property which may be received by the University from any source.
2. (2) The General Fund shall be kept in a Scheduled Bank or invested in such securities as may be decided by the Executive Council.
3. (3) The General Fund shall be utilized for the payment of-
   • (a) the salaries, allowances and other emoluments of the Officers, teachers and other employees of the University;
   • (b) the expenses of the University for the maintenance of the laboratories, libraries, workshops, offices and other departments of the University;
   • (c) the expenses for the purposes of research, training, extension, consultancy and other academic activities;
   • (d) any other expenses of the University which are necessary for the purposes of this Act, the Statutes, Ordinances and Regulations.