The Maharashtra Self-financed Schools (Establishment and Regulation) Act, 2012

The Maharashtra Self-financed Schools (Establishment and Regulation) Act, 2012

Education201224 sections

The Maharashtra Self-financed Schools (Establishment and Regulation) Act, 2012 regulates the setup and operation of private, unaided primary, secondary, and higher secondary schools across Maharashtra. It allows Section 8 companies, registered public trusts, societies, and local authorities to establish or upgrade schools on a self-financed basis without state financial assistance. The law protects students and parents by requiring school managements to maintain a joint bank endowment fund to cover legal liabilities and requiring an eighteen-month advance notice before closing any school. It ensures state oversight, quality standards, and accountability for private educational institutions across Maharashtra.

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