Section 24

Setting up of Endowment Fund.

The National Institutes of Design Act, 2014

  • Act 18 of 2014
  • Ministry of Commerce and Industry
  • Department of Promotion of Industry and Internal Trade
About this Act

An Act to declare the institution known as the National Institute of Design, hmedabad, to be an institution of national importance for the promotion of quality and excellence in education,research and training in all disciplines relating to Design and for matters connected therewith or incidental thereto.

All sections
    Notwithstanding anything contained in section 23, the Central Government may direct 1[any 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.

Notes

1. Subs. by s. 20, ibid., for "the Institute" (w.e.f. 13-1-2020).

Source: India Code (Legislative Department, Govt. of India). Check the official Gazette before relying on it in court. Not legal advice. Free legal aid: 15100 (NALSA) · Know your rights

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