Section 12 in The M.P. Niji Vishwavidyalaya (Sthapana Avam Sanchalan) Adhiniyam, 2007
12. General Fund.
- Every private university shall establish a fund, which shall be called the general fund to which the following shall be credited, namely :-(a)fees and other charges received by the private university;(b)any contribution made by the sponsoring body;(c)trusts, bequeaths, donations, endowment and any other grants; and(d)all other sums received by the private university :Provided that one percent of the fees collected from the students under clause (a), shall be deposited with the Regulatory Commission in such manner as may be prescribed.
