Section 43 in Vinayaka Missions Sikkim University Act, 2008
43. Development Fund.
(1)The University shall also establish a development fund to which the following funds shall be credited, namely:(a)Development fees which may be charged from students;(b)all sums received from any other source for the purposes of the development of the University;(c)all contributionS made by the Sponsor;(d)all contributions/donations made in this behalf by any other person or body which are not prohibited by any law for the time being in force; and(e)all incomes received from the endowment fund.(2)The funds credited to the development fund from time to time shall be utilized for the development of the University.
