Powers and functions of the Regulatory Body

7. Subject to the provisions of this Act, the Regulatory Body shall exercise the powers and discharge the functions as mentioned below:-

1. (a) to hear complaints from the students or their parents or guardians with regard to the charging of excessive fee or for doing or asking to do any other activity with a motive to gain financial benefit or profit in contravention of the provisions of this Act by any Unaided Educational Institution;
2. (b) to ensure that the Unaided Educational Institutions are not indulging in commercialization of education;
3. (c) to check that the fee structure is being kept within the limits as provided under this Act so as to avoid profiteering;
4. (d) to strike a balance between autonomy of an Unaided Educational Institution, and measures to be taken in avoiding commercialization of education;
5. (e) to check excessive hike in fee by an Unaided Educational Institution with the motive to earn profit;
6. (f) to ensure that increase in the fee undertaken by an Un-aided Educational Institution is justified and necessitated by the circumstances like increase in expenditure or because of needed developmental activities, and does not result into profiteering; and
7. (g) to check that funds charged from the students are not diverted to any other purpose, except as permissible under sub-section (4) of section 10.