Power to delegate

(1) Any person or educational agency desirous of establishing or running a non-government college or institution of higher education shall apply for permission in the prescribed format and along with the prescribed fee to the prescribed authority. (2) The State Government shall consider the application received under sub-section (1) and shall grant or refuse the permission and convey the decision to the applicant in the prescribed manner. (1) The principal of the institution, who shall send the pass book to the treasury or sub treasury in the last week of every month so that the entries may be made therein, shall maintain the pass book of the account of every institution. (2) The pass book shall be sent to the treasury or sub-treasury in the last week of April in every financial year for making entries pertaining to the financial year ending on 31st March. The principal shall tally the balance in the account as on 31st March with the account maintained by him. If any discrepancy is found it shall be removed by reconciliation with the accounts maintained by treasury or sub-treasury.