section 49
Student Protection Fund and Refund Safeguards
The Sikkim Private Universities (Establishment and Regulation) Act, 2025Education202574 sections11 chapters
Chapter IX ADMISSIONS, EXAMINATIONS AND CONVOCATION OF THE UNIVERSITY
Statutory text
- (1) Every University shall maintain a Student Protection Fund or escrow account, equivalent to not less than ten
- (10) percent of its preceding year’s tuition revenue, to safeguard the interests of students in cases of winding up, dissolution, de-recognition, programmee withdrawal or suspension, or any disruption of academic continuity.
- (2) The Fund shall be used only for -
- (a) refund of fees;
- (b) relocation or transfer arrangements for affected students;
- (c) such other student-centric measures as may be prescribed by the State Government from time to time.
- (3) All fee refunds shall be completed within the prescribed period.
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