Page 399 - Compendium of UGC Regulations 1957-2023

Regulations pertaining to Admission and Fee Structure:

7.7 In case the Commission does not lay down any specific quantified norms, the relevant
Fee Structure Committee may satisfy itself about the adequacy and reasonableness of
the expenditure indicated by the Professional Institution for proposing the amount of
fees and decides the amount of fees accordingly.

7.8 The Commission / State/ Union Territory Government may at any time call for any
information or clarification from the Committees, which they shall be bound to
furnish.
8. Maintenance of account of fees

8.1 Every Professional Institution shall maintain two separate accounts, namely, the
Maintenance Account and the Development Account.

8.2 The proceeds of fees, except the component meant for the development of Professional
Institution, land cost recoveries of boarding and lodging and other miscellaneous fees
shall be credited to the Maintenance Account.
8.3 The Maintenance Account shall be kept in two parts; namely (a) pay and allowances,
and (b) other expenditure.

8.4 All recurring expenditure shall be met from the Maintenance Account and brought to
account in the part relating to pay and allowances, or to other expenditure, as the case
may be.
8.5 The proceeds of the component of fees collected for the development of the Professional
Institution shall be credited to the Development Account. Miscellaneous receipts of the

Professional Institution shall also be credited to the same account.
8.6 In the first ten years of establishment of the Professional Institution, the Professional
Institution may appropriate not more than 50 per cent of the amount in the Development
Account, or the actual capital cost, whichever is lower, for amortization of the capital
cost.

8.7 The entire receipts in the Development Account, except the 50 per cent mentioned in
8.6 above shall be utilized for procurement of equipment, books and journals, operation
and maintenance of Computer Centre and acquisition of assets.
8.8 No Professional Institution shall fail to maintain accounts required to be maintained as

per the provisions of these Regulations or the guidelines issued by the Commission.
8.9 The accounts of the Professional Institutions shall be audited every year by auditor
(s) from the panel of auditors approved by the Competent Authority to ensure that the
financial management conforms to these Regulations and the guidelines issued by the
Commission from time to time.

8.10 The entire amount collected through fees shall be maintained in scheduled banks (or in
any of the designated private banks) under a separate account to be operated only by the
Head of the Professional Institution or by an authorized person. In no case the amount
in the bank account shall be used for any bank guarantee or pledged against any loan by
the management of the Professional Institution or for any other purpose not approved
by the Competent Authority.

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UGC Regulations