Charitable objects
FOR SUCH CHARITABLE PURPOSES CONNECTED WITH THE INSTITUTION OR CONNECTED WITH THE ADVANCEMENT OF EDUCATION IN MECHANICAL ENGINEERING GENERALLY AS THE COUNCIL MAY FROM TIME TO TIME THINK FIT WITHOUT PREJUDICE TO THE GENERALITY OF THE FOREGOING WORDS (BUT ALWAYS WITHIN THE AMBIT OF LEGAL CHARITY) SUCH PURPOSES MAY INCLUDE THE ESTABLISHMENT AND AWARD OF SCHOLARSHIPS, FELLOWSHIPS, LECTURESHIPS, COMPETITIONS, PRIZES, AWARDS AND GRANTS OF WHATSOEVER NATURE AND WHETHER MADE OUT OF THE CAPITAL OR INCOME OF THE TRUST FUND.