Section 25
Setting-up of endowment fund.
The Indian Institute of Petroleum and Energy Act, 2018
About this Act
An Act to declare the institution known as the Indian Institute of Petroleum and Energy to be an institution of national importance and to provide for its incorporation and for matters connected therewith or incidental thereto
Notwithstanding anything contained in section 24, the
Institute may,—
(a) set-up an endowment fund and any other fund for a specified purpose; and
(b) transfer money from its fund to the endowment fund or any other fund.
(a) set-up an endowment fund and any other fund for a specified purpose; and
(b) transfer money from its fund to the endowment fund or any other fund.