Monies received from sources other than grant

Education1982102 sections17 chapters

Chapter VIII Chapter VIII

Statutory text

(1) Any money received by way of voluntary donation from donors may be accepted by the institution and the fact shall be intimated within forty days from the date of such acceptance to the competent authority. Such money shall be deposited in the account of the institution, in such bank as may be approved by the Government and shall be applied and expended for the improvement of the institution and the development of educational facilities and for such other purposes as may be prescribed.
(2) No money shall be collected at the time of admission by any educational institution as a condition precedent to such admission except towards the prescribed fees. Where any institution is found to be collecting such money, every person, who, at the time of such collection was incharge of, and was responsible to the institution for the management of the institution shall, on conviction, be punished with imprisonment for a term which may extend to six months or with fine which may extend to one thousand rupees or with both.

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