Maharashtra Private Universities (Establishment and Regulation) Act, 2023
Section 15. Application of general fund.
The general fund shall be utilized for meeting all expenses, recurring or non-recurring in connection with the affairs of the university:
Provided that, no expenditure shall be incurred by the university in excess of the limits for total recurring expenditure and total non-recurring expenditure for the year, as may be fixed by the Board of Management, without prior approval of the Board of Management.
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