Section 20
Setting up of endowment fund.
The National Institute of Fashion Technology Act, 2006
About this Act
An Act to establish and incorporate the National Institute of Fashion Technology for the promotion and development of education and research in fashion technology and for matters connected therewithand incidental thereto.
Notwithstanding anything contained in section 19, the Central
Government may direct the Institute to--
(a) set up an endowment fund and any other fund for specified purpose; and
(b) transfer money from its Fund to endowment fund or any other fund.
(a) set up an endowment fund and any other fund for specified purpose; and
(b) transfer money from its Fund to endowment fund or any other fund.