State Act
42
Section 42. Permanent Endowment Fund
THE SARDAR BHAGWAN SINGH UNIVERSITY ACT, 2016
Act no. 12 of 20182018RepealedUttarakhand (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This Act was repealed on a date we do not have by the Uttarakhand Private Universities Act, 2023 (Uttarakhand Act 2 of 2024), s.72(1) and Schedule-I item 18; it may still apply to matters that began before then.
42. A permanent endowment Fund of pledge amount rupees Two Crore shall be established with the name of State Government as a nationalized bank guarantee by the proposer Trust whose duration shall be of five years, thereafter it shall be renewed for five years.