Act Number: 18

Act Name: The National Institutes of Design Act, 2014

Year: 2014

Enactment Date: 2014-07-17

Long Title: 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.

Ministry: Ministry of Commerce and Industry

Department: Department of Promotion of Industry and Internal Trade

Section 24: Setting up of Endowment Fund.
    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).
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