State Act
42
Section 42. Permanent Endowment Fund
BHAGWANT GLOBAL UNIVERSITY ACT, 2016
Act no. 39 of 20162016RepealedUttarakhand (State Act)
This Act was repealed on a date we do not have by the Uttarakhand Private Universities Act, 2023 (Uttarakhand Act 2 of 2024), s.72(1) and Schedule-I item 12; it may still apply to matters that began before then.
42- The University shall establish a permanent endowment fund of Rs.Two Crore in the form of a Bank Guarantee of a Nationalized Bank Pledged in the name of State Government of Uttarakhand whose tenure shall be five years and after that shall be renewed for five years again.