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THE NATIONAL INSTITUTES OF DESIGN ACT, 2014 · THE INSTITUTE

Section 24 — Setting up of Endowment Fund

Notwithstanding anything contained in section 23, the Central Government may direct 4[any Institute] to––
(a)set up an Endowment Fund and any other Fund for specified purpose; and
(b)transfer money from its Fund to Endowment Fund or any other Fund.