Regulator show-causes Palghar college charging max fees in state
Yogita Rao | TNN | Dec 5, 2017, 03:58 IST
MUMBAI: The state college fee regulator has issued a show cause notice to Vedantaa Institute of Medical Sciences in Palghar for charging Rs 14 lakh as fees for a year as opposed to the Rs 6 lakh it has recommended.
The institute, which began classes this year, is the first in the state to register as a private limited company under the Companies Act, 2013, meaning it is for-profit. It is charging the highest fee among all the private colleges in the state.
In a meeting on December 2, the Fee Regulating Authority (FRA) resolved that the institution is unaided, private and is running a professional course and, therefore, is subject to its jurisdiction as per the provisions of the Maharashtra Private and Unaided Professional Educational Institutions (Regulation of Admission and Fees) Act, 2015. The minutes of the meeting mentioned that "the institution in blatant disregard for the ad hoc fees fixed by FRA, which is Rs 6 lakh per student, has been collecting Rs 14 lakh". Further, it mentions that the institution has declared the fees for NRI/institution quota at Rs 30 lakh, which is not permissible. The FRA has issued notice, asking why action should not be taken against the institution.
The FRA prescribes fees of private, professional colleges based on their balance sheets from the previous year. If a college proposes a higher fee that it believes is not justified, the authority has the powers to reduce it.
For new institutes, a blanket ad hoc fee of Rs 6 lakh was permitted this year. "As per the Act, only deemed colleges are exempted by the FRA," said an FRA official, adding that they would wait for the institute's reply before action.
Latest Commentkeep updated us about these as u get latest news.....Krushna Kawale
Vedantaa has admitted around 147 students this year, of which 23 are in the NRI quota. The institute's dean Ganesh Kesari refused to speak to TOI on the matter.
TOI had reported that the institute wrote to the government this June saying its fees do not require the FRA's nod as it is registered as a company. The state decided the fees of students admitted to the college under reserved categories will not be reimbursed by the government, as it does in case of other private colleges. It did not initiate any action, but the FRA has. A government official said FRA is a quasi-judicial body and can make independent decisions. "It is headed by a retired judge and is aware of its jurisdiction," said the official.
Yogita Rao | TNN | Dec 5, 2017, 03:58 IST
MUMBAI: The state college fee regulator has issued a show cause notice to Vedantaa Institute of Medical Sciences in Palghar for charging Rs 14 lakh as fees for a year as opposed to the Rs 6 lakh it has recommended.
The institute, which began classes this year, is the first in the state to register as a private limited company under the Companies Act, 2013, meaning it is for-profit. It is charging the highest fee among all the private colleges in the state.
In a meeting on December 2, the Fee Regulating Authority (FRA) resolved that the institution is unaided, private and is running a professional course and, therefore, is subject to its jurisdiction as per the provisions of the Maharashtra Private and Unaided Professional Educational Institutions (Regulation of Admission and Fees) Act, 2015. The minutes of the meeting mentioned that "the institution in blatant disregard for the ad hoc fees fixed by FRA, which is Rs 6 lakh per student, has been collecting Rs 14 lakh". Further, it mentions that the institution has declared the fees for NRI/institution quota at Rs 30 lakh, which is not permissible. The FRA has issued notice, asking why action should not be taken against the institution.
The FRA prescribes fees of private, professional colleges based on their balance sheets from the previous year. If a college proposes a higher fee that it believes is not justified, the authority has the powers to reduce it.
For new institutes, a blanket ad hoc fee of Rs 6 lakh was permitted this year. "As per the Act, only deemed colleges are exempted by the FRA," said an FRA official, adding that they would wait for the institute's reply before action.
Latest Commentkeep updated us about these as u get latest news.....Krushna Kawale
Vedantaa has admitted around 147 students this year, of which 23 are in the NRI quota. The institute's dean Ganesh Kesari refused to speak to TOI on the matter.
TOI had reported that the institute wrote to the government this June saying its fees do not require the FRA's nod as it is registered as a company. The state decided the fees of students admitted to the college under reserved categories will not be reimbursed by the government, as it does in case of other private colleges. It did not initiate any action, but the FRA has. A government official said FRA is a quasi-judicial body and can make independent decisions. "It is headed by a retired judge and is aware of its jurisdiction," said the official.
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