Maintenance/ Utilization of Endowment Fund:— — The Neotia University Act, 2014

13. Maintenance/ Utilization of Endowment Fund:— ( ) There shall be established an Endowment Fund by the University as provided under the Act. (2) The endowment fund shall be established and executed in Form-A appended to the Sehedulc::7 to these rules and the instrument is to be properly stamped and registered before the appropriate Registering authority. (3) A certified copy of the registered instrument executing Endowment fund shall be submitted to the State Government soon after its registration. (4) The State Government inay, front time to time, collect the status of the fluid front the bank in which the fund is kept invested, and the executor of the fund shall furnish a hank guarantee to this effect. t51 The Annual report ofthe University shall consist a statement to the effect along with details that the Endowment Funds is regularly administered.

Section 13