Section Text
The {2.) (iovetnment may Ihe Gaverlimflht rn4y pay to the pay 10 ('orrncil in the ("bung-i} eaclr financial in each year such sum finar:sial year nray bi: as may surn as considered be ennsiderefi by (iovernrnent the Gavemmcnr to be by the; be nacessary necc'ssary far functionirrg ofthe the functioning I'or the Cotrneil; ot:the Cmmcii; (3l AH (3} Atl moms)? ilroney belonging the Fund beloirging to the of the receiprs of and all receipts Furrd and Coturcil shall he ttre Gamma or invested tieposited or. bc depdxited’ in invcsted in: suc,h manner such mitnner as as may prescribed; bc prescribed; tnay be 77 [4) {4) The Council ma'v'nmke Tlm Chm-wit rnay- nr,cke expenditure qf 'fiLtCh‘ expcnditute 0f *rrch Sums'as thkr,k fit suuts a.5 it may think tit for pcrf?rrnrin-q its filhttiouss fbr perfmming funQtiot:s undar this Act rrlder this Act and and such such 311m be treated shall be srrm shall treated as as mpendimre payablc out c',xpenditure payable ol the ottt of the fund of thc funtl 01" rhc Courtcil- C:oulicil t4 {4. Council grartt*; afloc*te grants: Corqncitr to ailncate ( 1) IIrt shalt {1) ufithe Council thc duty uf‘the br.. the shu]l be Clouncil to gran{s fa irlk:trate grants lo animate to diflhrcnt diflercnt Universities Collcges, in the. ond Cant-236:3. Unir'crsities and. the State fiom out Stntc ‘fi-o-m of ths Fund out ni‘the rele"ase the 3mm Funtt and rélease "s&fire to «3116-11 such lnStjtutiéns. lnstitrrritrns ; i (ZJ Nomit-hswnding (2,) Not'*r,ithstsltding anything uontained is} apS.thhrg wmaiued agy law ir: any law for the time Jbr the beilrg in tirrre being irt fm'ceg. ftx'cet the Cortncil shall llre Emmi} haw ha.ye the to Cause rigtrt {0' rhe righl Crluse aaR n enquiry enqUiry toto be[:e trade rnade by by such p€rson m such pcrsan persots as C}r persons as itit may nray confide: cotr-cidet necessnry inn} nacessary the grants intrr the Srants made nradc by by it to 10 a a: Universiiy t-Jnir''srsiry or 0r 'IOflege Ciollegc or 0r itrto énto any. an-v expenditure cxpcndittrre made rnadc ttrei'scrt after thereof giv:ing previous rrlter givirrg neitice mt* such prev:iclus native Unir.crsity at suc'tt Unix-’mtsity or College, Collcge, as ts the the case. Intllr be. Ltlsc may of i‘tjrs be. (1f its i.nt+ntiorr lit) ilnténli‘on catrse such t(r cause cnrluiry. sur:h enquiry. I l5- ..\nnurl Repnft Annual Repart 9fof the the Council: (l)'Ihc (I (:ouncil aha-11} .1) ”The, Council shall prepare prc-pore anan annuai tirrarr*ial statement &nuual financial statemc$t onon our c'r baht-‘3 suclt date bel-ore such ss may cltrlc as rnay he bc presL:ribed of prescribedj of-the capital and estimtrtect capitai the estimated the revenue ancl the receipt$ and r$venue receipts; and expenditure ftrr the exp;nditure for cnsuing year tlre ensuing. sutrnrit the ancJ submit and the Emma to the s+rtne to. the Government; Gov:elirlment: (3') fhe statement..- {?) The statcrnenti as as aforesaid. at.bresnicl. shall ir.rclude aa statement shalt include staterni}nt of u,agesihonorarirtrn and r;rt' wagesé‘honagarium and album-Ices Alla$"anees ofof oi}icsrs and mgrrlbcrs. 0%c members. and empiciyee’s enpioyecs 0f of the the Council Courrcil and of altd at“ such mile-r such pafliculars, 21:1- crthe,r particulars, trny be as rna‘y bc ' prescribed; presc*bcd; (.1)'f'he (3) (iervernnrent shill} The (Ravernment slrall 50cm alier the sorrlr afier cf'such statmncnt.-cause rlrc receipt {If-such it to be statet-rletlt. cau*e it be laid laid be-fbre tlre State befbre the State Legiaslature Legislaturer‘; (4)Tlrc Cmmcij (4)]?116 into consideratidn-any take into shatl take C\runcil snarl ceinsidE:ration,any observmion obser'vati