ENDOWMENT SCHEME

(Approved by Executive Council vide item No.14 of its meeting held on 11/08/2008 and further amended vide item No.3.2 dated 18/09/2012)

Endowments for Institution of Chairs

• An Endowment Chair can be instituted by donating a sum of not less than Rupees Two Crore (Rs.2,00,00,000/-) or US Dollars equivalent in Indian rupees as corpus fund.
• The Chair can be named after an institution or an individual in any specific branch of Law or a subject of inter-disciplinary area.
• The Endowment amount shall be invested in Bank deposits or such other safe deposits like Unit Trust of India so that the maximum possible annual interest is accrued.
• The expenditure on the salary and other service and research requirements of the appointee to the Chair shall be met out of the proceeds of the endowment amount.
  Provided that in case the expenditure over and above the income from the deposits is incurred in a particular year the same shall be met by the University.
  Provided further that the unspent balance, if any, in the interest accrued in any year shall be added to the corpus of the Endowment.
• The University shall invite eminent academicians or jurists to occupy the Chair approved by the Committee constituted by the Executive Council.*

Endowments Lectures

• The University proposes to organize endowment lectures. For this, the donor has to make a contribution of Rupees Twenty Lakhs (Rs.20,00,000/-). The series of lectures delivered would be published in the form of a booklet.

Endowment for Institution of Scholarships

• Scholarships/Fellowships/Freeships for deserving and meritorious Under-graduate/Postgraduate students can be instituted by Institutions or individuals on donating a sum not less than Rupees Twenty Lakhs (Rs. 20,00,000/-).
• For the accrual of maximum possible interest the endowment amount shall be invested in fixed deposits.
• A donor who wishes to name the Scholarships after an institution or an individual can do so with the approval of the University by donating a sum not less than Rupees Twenty Lakhs (Rs.20,00,000/-). Ordinarily these Scholarships shall be awarded purely on considerations of academic merit and achievement. However any specific conditions of the donor for the award of the scholarship shall be fulfilled once approved by the University.
• Once a Scholarship under this clause is awarded it will continue for the full period of the programme provided a report of satisfactory progress is made by the University.
• The donors will be informed about the names of students who are awarded the Scholarships as soon as they are announced by the University.

Endowments for Institution of Gold Medals

• A gold medal can be instituted by institutions or individuals upon donation of a sum of not less than Rupees Five Lakhs (Rs.5,00,000/-).
  The endowment amount shall be invested in a fixed deposit to earn the maximum possible interest.
  The interest so derived shall be utilized for the award of the gold medal and the unspent balance shall be added to the corpus of the endowment.
• The donor can institute the gold medal in the name of an individual or institution.
• The medal to be awarded shall have (inscribed on it) the name of the medal and the name of the recipient.
• The selection of candidates for the award of the medals shall be made by a Selection Committee constituted by the Vice-Chancellor.
• The donor shall be informed the name of the student selected for the award of the medal by the University.

Student Welfare Fund

• Institutions and individuals can make contribution of a sum of not less than Rupees Two Lakhs (Rs.2,00,000/-) to the Student Welfare Fund.
• The amount in the fund shall be exclusively utilized for the welfare of the students and the co-curricular and extra-curricular activities of the students (including travel expenses) in accordance with the guidelines provided by the University, provided the student maintains a constant good academic performance.

Faculty Development Fund

• Institutions and individuals can donate a sum of not less than Rupees Two Lakhs (Rs.2,00,000/-) towards the Faculty Development Fund.
• The amount shall be vested in Fixed Deposits and the interest accrued on the corpus of the fund shall be utilized for the faculty welfare and the other schemes approved by the University.

*added by E.C. while confirming the Minutes vide item No.1 dated 27.02.2009