Section 32
Sponsored schemes.
The Footwear Design and Development Institute Act, 2017
About this Act
An Act to establish and declare the Footwear Design and Development Institute as an institution of national importance for the promotion and development of quality and excellence in education, research and training in all disciplines relating to footwear and leather products design and development and for matters connected therewith or incidental thereto.
Notwithstanding anything contained in this Act, whenever the Institute receives
funds from any Government, the University Grants Commission or any other agency, including industry
sponsoring a research scheme or a consultancy assignment or a teaching programme or a chaired professorship
or a scholarship, etc., to be executed or endowed at the Institute—
(a) the amount received shall be kept by the Institute separately from the Fund of the Institute and utilised only for the purpose of the scheme; and
(b) the staff required to execute the same shall be recruited in accordance with the terms and conditions stipulated by the sponsoring organisations:
Provided that any money remaining unutilised shall be transferred to the endowment fund created under section 22 of this Act.
(a) the amount received shall be kept by the Institute separately from the Fund of the Institute and utilised only for the purpose of the scheme; and
(b) the staff required to execute the same shall be recruited in accordance with the terms and conditions stipulated by the sponsoring organisations:
Provided that any money remaining unutilised shall be transferred to the endowment fund created under section 22 of this Act.