Section 25
Setting up of endowment fund.
The Rajiv Gandhi Institute of Petroleum Technology Act, 2007
About this Act
An Act to declare the institution known as the Rajiv Gandhi Institute of Petroleum Technology to be an institution of national importance and to provide for its incorporation and for matters connected therewith.
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.