University Endowment Fund
Section 48 of the Arka University Act, 2012 deals with university Endowment Fund. The University shall establish a University Endowment Fund having such funds as may be determined by the Sponsoring Body which can include donations and other funds received from time to time.
(1)The University shall establish a University Endowment Fund having such funds as may be determined by the Sponsoring Body which can include donations and other funds received from time to time.
(2) The University shall have the power to invest the University Endowment Fund in a manner as may be specified by the Statutes.
(3) The University Endowment Fund is a self-imposed fund that the University desires to maintain voluntarily and invest it responsibly to protect itself from financial challenges that may arise on account of pursuing social objectives and/or unforeseen circumstance.
(4) The University may transfer any amount from the General Fund or the development fund to the University Endowment Fund. Excepting in the dissolution of the University, in no other circumstances moneys can be transferred from the University Endowment Fund for other purposes.
(5) Eighty percent of the incomes received from the University Endowment Fund shall be used for the purposes of development or general work of the University. The remaining twenty percent shall be reinvested into the University Endowment Fund.
Section 48, The Arka University Act, 2012 (Act 44 of 2013).
Cross-references
Extracted from the operative text of the enactments themselves. Every destination below exists in our corpus.
Questions about Section 48
What does Section 48 of the Arka University Act deal with?
Section 48 of the Arka University Act is headed "University Endowment Fund". The University shall establish a University Endowment Fund having such funds as may be determined by the Sponsoring Body which can include donations and other funds received from time to time.
How do I find court cases under Section 48 of the Arka University Act?
In judgments and charge sheets this section is written several ways, and each form finds a different set of orders. These search the full text of every order eCourtsIndia holds, best matches first: Arka University Act 2012 48, section 48 Arka University Act 2012, section 48 of the Arka University Act. Each opens the full list of orders on eCourtsIndia, where it can be narrowed by court, year and outcome.
What should I read with Section 48 of the Arka University Act, and has it changed?
2 other provisions in this corpus refer back to it.
When was the Arka University Act enacted?
Arka University Act was enacted in 2013 as Act 44 of 2013. India Code records no commencement date for it. It is in force as at the date shown on this page.
Other sections of this Act
- 7. Objects of the University642 words
- 2. Definitions607 words
- 8. Powers of the University550 words
- 16. The Vice-Chancellor483 words
- 23. The Board of Governors and its powers459 words
- 4. Establishment of the University409 words
Source and method. Compiled from the enactments of Parliament and of the State legislatures as published on India Code, and republished together with commentary and other original matter under section 52(1)(q)(ii) of the Copyright Act, 1957. Structured, cross-referenced and maintained by eCourtsIndia. Read from the Government's own scanned gazette with Azure Document Intelligence, then split into sections by their numbering. India Code publishes no text for this Act. The scan itself is mirrored into our own storage and served at /scan/71ba28ff-8f30-46ac-be85-ad8cb18ae0b0.pdf, so the reading here can be checked against the page it came from without depending on India Code's own copy staying where it is (it was at https://indiacode.gov.in/server/api/core/bitstreams/c405fe1f-55f3-4549-9e26-9b1b8ac525ae/content). This page is not a substitute for legal advice.