section 11
College Fund
The Meghalaya Private Colleges (Promotion and Regulation) Act, 2025Education202526 sections6 chapters
Chapter III REGULATION OF PRIVATE COLLEGES
Statutory text
- (1) In every aided college, there shall be a fund, called “Aided College Fund" and there shall be credited thereto – a. any aid received; b. income accruing to the college by way of fees, charges or other payments, and c. any other contributions, endowments, gifts and the like.
- (2) The Aided College Fund shall be accounted for and utilized by the educational agency in accordance with the rules as may be prescribed.
- (3) Income accruing to private college by way of fees, shall be accounted for and utilized only for such purposes as may be prescribed;
- (4) Charges or other payments and any other contributions, endowments and gifts received by private colleges shall be utilized only for the specific purpose for which they were realized or received and shall be accounted for as may be prescribed.
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