Development Fund

43.

1. (1) The University shall also establish a development fund to which the following funds shall be credited, namely :-
   • (a) development fees which may be charged from students;
   • (b) all sums received from any other source for the purposes of the development of the University;
   • (c) all contributions made by the TALEEM Research Foundation, Ahmedabad;
   • (d) all contributions/donations made in this behalf by any other person or body which are not prohibited by any law for the time being in force; and
   • (e) all incomes received from the permanent endowment fund.
2. (2) The funds credited to the development fund from time to time shall be utilized for the development of the University.