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National Institute of Pharmaceutical Education and Research Act, 1998


33. Sponsored schemes

Whenever the Institute receives funds from any Government, the University Grants Commission or any other agency sponsoring a scheme to be executed by the Institute, notwithstanding anything in this Act,-

(a) the amount received shall be kept by the Institute separately from the Fund of the Institute and utilized only for the purpose of the scheme;

(b) the staff required to execute the same shall be recruited in accordance with the terms and conditions stipulated by the sponsoring organization:

Provided that any money remaining unutilized under clause (a) shall be transferred to the endowment fund created under section 22 of this Act.



National Institute of Pharmaceutical Education and Research Act, 1998 Back




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