Section 33. Sponsored schemes

33. Sponsored schemes.—[3] [ Whenever an Institute] receives funds from any Government, the University Grants Commission or any other agency sponsoring a scheme to be executed by the Institute, — notwithstanding anything in this Act, (a) the amount received shall be kept by the Institute separately from the Fund of the Institute and utilised only for the purpose of the scheme; (b) the staff required to execute the same shall be recruited in accordance with the terms and conditions stipulated by the sponsoring organisation: Provided that any money remaining unutilised under clause (a) shall be transferred to the endowment fund created under section 22 of this Act. 4[33A. Power of Central Government to issue directions. — The Institute shall carry out such directions as may be issued to it from time to time by the Central Government for the efficient administration of this Act.]