State Act
42
Section 42. Permanent Endowment Fund
SHRI GURU RAM RAI UNIVERSITY ACT, 2016
Act no. 3 of 20172017RepealedUttarakhand (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This Act was repealed on a date we do not have by the Uttarakhand Private Universities Act, 2023 (Uttarakhand Act 2 of 2024), s.72(1) and Schedule-I item 15; it may still apply to matters that began before then.
42. The University shall establish a permanent endowment fund of Rs. 5 crore ( Rupees Five crore) in the form of a Bank Guarantee of a Nationalized Bank pledged in the name of State Government of Uttarakhand for the period of 5 years which shall be further renewed for a term of five years.