22. Setting up of endowment fund
Notwithstanding anything contained in section 21, the Central Government may direct [every Institute] to—
(a)
set up an endowment fund and any other fund for specified purpose;
(b)
transfer money from its Fund to endowment fund or any other fund.
Amendment notes (1)
- Subs w.e.f. 25-5-2022 . Subs. by Act 43 of 2021, s. 23, for "the Institute" (w.e.f. 25-5-2022).