Admission of list of properties

Admission of list of properties

1. (1) On and from the commencement of this Act, the Managing Committee or Governing Body, as the case may be, of every aided educational institution shall furnish to the appropriate authority, annually a statement containing a list of all movable and immovable properties of such institution with such particulars and within such time as may be prescribed.
2. (2) If an aided institution, commits default in furnishing the statement under sub-section
3. (1) or furnishes a statement which is false or incorrect in any material particular, the Government may withhold aid to such an institution.