Page 386 - Compendium of UGC Regulations 1957-2023

Regulations pertaining to Admission and Fee Structure:

(2) (i) The proceeds of tuition fee and cost recoveries of boarding and lodging charges
and other miscellaneous fees shall be credited to the maintenance accounts.
(ii) The maintenance accounts shall be kept in two parts, namely, (a) the pay and
allowances, and (b) the other expenditure.
(iii) All recurring expenditure shall be met from the maintenance account and brought
to account in the part relating to pay and allowances, or as the case may be, under
the other expenditure.
(c) At least half of the proceeds of development fee shall be credited to
the development account in the first ten years of establishment of the
institution, after which this Account (Development Account) will receive
the entire proceeds of this fee, miscellaneous receipts of the institution
would also be credited to the same account. The proceeds of this fee
would be utilized for the procurement of equipment, books and journals
and the acquisition of assets. The management may debit expenditure on
improvement of faculty to this account.
(d) The accounts of the professional institutions shall be audited every year to
ensure that the financial management conforms to the broad framework of
these regulations and the guidelines issued by the Commission from time
to time.
11. Other procedural matters connected with levy of fees. - (1)(i) Fees once fixed shall be valid
for a period of three years.

(ii) Fee may be payable in advance for a semester.
(iii) Each Committee shall notify in the month of December every year, for general
information, the total fee payable per semester for the next year, in three
newspapers having circulation in the State concerned. Every year, the Committee
shall fix the fees applicable for the third year.
(2) While fixing the fees, every year, the Committee shall take into account the unspent
balance, if any, in the maintenance and development accounts of the concerned
professional institutions.
(3) No professional institution shall:

(i) levy any fee exceeding the fee notified under these regulations;
(ii) fail to maintain accounts required to be maintained as per the provisions of these
regulations or the guidelines issued by the Commission.

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University Grants Commission