The Indian Institute of Petroleum and Energy Act, 2017
Section 25. Setting-up of endowment fund.
Notwithstanding anything contained in section 24, the Institute may,—
(a) set-up an endowment fund and any other fund for a specified purpose; and
(b) transfer money from its fund to the endowment fund or any other fund.
Source: IndiaCode Portal, Legislative Department, Ministry of Law and Justice, Government of India. Open on India Code Check against the official text before relying on it.
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