Page 91 - Compendium of UGC Regulations 1957-2023

Regulations on Establishment, Maintenance and Recognition of Institutions:

xiii) To institute Fellowships, including Travel Fellowships, Scholarships, Studentships,
Medals and Prizes in accordance with the Rules to be framed for the purpose;
xiv) To advise the Holding Trustees (if any) on matters regarding acquisition,
management and disposal of any immovable property on behalf of the institution
deemed to be university.
xv) To purchase, take on lease or accept as gift or otherwise any land or buildings or
works which may be necessary or convenient for the purpose of the institution
deemed to be university, on such terms and conditions as it may deem fit and
proper, and to construct or alter and maintain any such building(s) or work(s);
xvi) To transfer or accept transfers of any movable property on behalf of the institution
deemed to be university:
xvii) To execute in consultation with the Holding Trustees (if any) conveyance, transfer
Government Securities, re-conveyances, mortgages, leases, bonds, licenses and
agreements in respect of property, movable or immovable, belonging to the
institution deemed to be university or to be acquired for the purposes of the
institution deemed to be university;

xviii) To issue appeals for funds for carrying out the objectives of the institution deemed
to be university and, consistent with the provisions of the objectives, to receive
grants, donations, contributions, gifts, prizes, scholarship, fees and other moneys,
to give grants and donations, to award prizes, scholarships, etc.;
xix) To raise and borrow in consultation with the Holding Trustee (if any) money on
bonds, mortgages, promissory notes or other obligations or securities founded or
based on any of the properties and assets of the institution deemed to be university,
or without any securities. upon such terms and conditions as it may think fit and
to pay out of the funds of the institution deemed to be university, all expenses
incidental to the raising of money and to repay and redeem the money borrowed;
xx) To draw and accept and make and endorse discount and negotiate Government of
India’s and other promissory notes, bills of exchange, cheques or other negotiable
instruments;
xxi) To maintain a fund to which shall be credited:
(a) all moneys provided by the Central or State / UT Government(s)/University
Grants Commission;
(b) all fees and other charges received by the institution deemed to be
university;
(c) all money received by the institution deemed to be university as grants,
gifts, donations, benefactions, bequest or transfers and
(d) all money received by the institution deemed to be university in any other
manner or from any other source;
xxii) To open account or accounts of the institution deemed to be university with anyone
or more scheduled banks and to lay down the procedure for operating the same;
xxiii) To deposit all moneys credited to the funds in scheduled banks or to invest them
in consultation with the Finance Committee;
xxiv) To invest the funds of the institution deemed to be university or money entrusted
to the institution deemed to be university in or upon such securities and in such
manner as it may deem fit and from time to time transpose any investment;

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UGC Regulations