Chapter V — FINANCE, ACCOUNTS AND AUDIT

Section 27Endowment to other funds

Section 27: Endowment to other funds

27. Endowment to other funds

Without prejudice to the provisions contained in section 26, the Institute may,—

(a)

set up an endowment fund with an amount of one hundred crore rupees to be maintained in the Public Account and any other fund for a specified purpose; and

(b)

transfer monies from its fund to the endowment fund or any other fund.