Quality and Financial Audit of Foreign Higher Educational Institution

Quality and Financial Audit of Foreign Higher Educational Institution.—(1) Every Foreign Higher Educational Institution operating a campus under this Act shall be subject to periodic quality audits by the University Grants Commission or such agency as may be designated by the Government.

1. (2) The Foreign Higher Educational Institution shall ensure that all cross-border financial remittances comply with the provisions of the Foreign Exchange Management Act, 1999, and shall submit an annual compliance certificate to the Government in this regard.
2. (3) The Foreign Higher Educational Institution shall submit an annual report to the Government detailing its academic performance, student enrolment, faculty strength, and financial transactions.
3. (4) Failure to comply with the provisions of this section shall be a ground for revocation of the permission granted to the Foreign Higher Educational Institution.