section 16
Funds of Regulating Authorities and CET Cell
Maharashtra Unaided Private Professional Educational Institutions (Regulation of Admissions and Fees) Act, 2015Education201537 sections10 chapters
Chapter IV-B FUNDS OF REGULATING AUTHORITIES AND CET CELL
Statutory text
- (1) There shall be a separate fund for each of the Regulating Authority and CET Cell.
- (2) The fund of the said authorities and CET Cell shall consists of,—
- (i) processing fees payable by a Private Professional Educational Institution;
- (ii) interest on deposit;
- (iii) grants from the State Government, Central Government and the University Grants Commission and other Institutions (if any);
- (iv) any other moneys including fees, royalties, penalties levied and collected service charges, etc., which may be received by the Regulating Authority and CET Cell. (3)
- (i) The Regulating Authorities and the CET Cell may charge processing fees and charges for fixation of fees and processing fees for conducting CET, etc., as may be decided, from time to time by the Authorities and the CET Cell.
- (ii) The processing fees for every year may be decided by the concerned authorities and the CET Cell by considering their day to day expenditure including salaries, allowances, administrative expenses, honorarium, infrastructural needs and any other activity in pursuance of its functions.
- (4) The concerned authorities and the CET Cell shall open separate bank account in nationalized bank and meet their expenses from the receipts.
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