Section 17 in Dr. M.G.R. Medical University (Affiliation of Pharmacy Colleges) Statutes
17.
The interest accrued on the security deposit shall be spent on the maintenance, of the Pharmacy college. The management of the Pharmacy college shall show evidence of a minimum of annual income of atleast Rs. 4,00,000 (Rupees four lakhs only) to facilitate the proper running of the Pharmacy college. This is only a portion of the liability which the college is likely to incur every year towards payment of salaries to the teaching staff and the maintenance of the college.
