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[Cites 0, Cited by 0] [Section 40] [Entire Act]

State of Meghalaya - Subsection

Section 40(4) in Martin Luther Christian University Act, 2005

(4)Not exceeding 75% of the incomes received from the endowment fund shall be used for the purposes of development works of the University. The remaining 25% shall be reinvested into the endowment fund.