- Board will conduct only examinations and award certificats. Board shall not give any grant/ Financial Assistance to anybody/any institutions.
- The school must have sufficient financial resources to guarantee its continued existence, to meet the running expenses of the school and to undertake improvement/development of school facilities and capacity building of teachers.
- No part of income from the Institution shall be diverted to any individual in the Trust/Society/ Company/School Management Committee or to any other person/entity. The savings, if any, after meeting the recurring and non-recurring expenditure the funds can be utilized for the further development of the school.
- It shall be the responsibility of the school to maintain its account in a transparent and accountable manner based on accounting standards. The accounts should be audited and certified by a Chartered Accountant and proper accounts statements should be prepared and maintained as per extant laws/rules.
- All the transactions should be made through digital mode and no fund be transferred to any institution or any individual from the school.
- The school shall separate its account from the society and maintain the books of accounts independently.
1 (B) FINANCIAL RESOURCES FOR VEDA PATHASHALA, GSP UNITS, SANSKRIT SCHOOLS, TRADITIONAL GURUKULAS
The Veda Pathashala, GSP Units, Sanskrit Schools, Oriental type schools, Traditional Gurukulas must sufficient financial resources to guarantee their continued existence, to meet the running salary and other expenditure and to undertake improvement/development of school facilities, infrastructure and capacity building of teachers etc by getting support from CSR Funding/Funding from philanthropers’ donations/liberal funding from State Govts/Companies/Individual donors/fund raising activities. It is made clear that Board shall not give any financial grant-in-aid to anybody under any circumstances.
2. RESERVE FUND:
The School/ Veda Pathashala, GSP Units, Sanskrit Schools, Oriental type schools, Traditional Gurukulas shall maintain a Reserve Fund if the laws/ regulations of the appropriate Government so stipulates in the manner prescribed under such laws/ Rules.
It shall be the responsibility of the school to maintain a separate register for all loans taken by the School or by the Society/ Trust/ Company from banks, etc., for the school, having complete details of the purpose, securities and terms of repayment etc. The School shall ensure that the loan such taken is only be utilized for the development of the school.
Until and unless further modified, the school shall maintain reserve fund to the extent indicated below:
Enrolment of students Amount of Reserve Fund
From 1st and onwards
Up to 500 Rs. 50,000
From 501 to 750 Rs. 75,000
From 751 to 1000 Rs. 100,000
Above 1000 Rs. 100/- per student’ rounded to the nearest thousand.
3. SCHOOL FEES
Societies /trust /companies are required to run schools without any profit motive in accordance with the provisions contained in these bye-laws. The School shall endeavour to charge fees to the extent the expenses for running the School are met. Schools shall follow the following norms in respect of the fees charged from pupils:
- No Society/Trust/Company/School shall charge capitation fee or accept donations for the purpose of admission for pupils.
- Admission Fee and Fee charged under any other head are to be charged only as per the regulations of the Appropriate Government.
- Fees shall be charged under the heads prescribed by the Department of Education of the State/UTs.
- REFUND OF FEES:
In case not otherwise provided by the Appropriate Government, in the event of a student discontinuing the studies or wishing to migrate to some other School/Board, dues shall be collected only up to the month of discontinuance or migration and not up to the month in which the transfer certificate is applied for. This shall apply to all Heads of fee.
- FEE REVISION:
Fees charges should be commensurate with the facilities provided by the institution. Fees should normally be charged under the heads prescribed by the Department of Education of the State/U.T. for schools of different categories.
No capitation fee or voluntary donations for gaining admission in the school or for any other purpose should be charged / collected in the name of the school and the school should not subject the child or his or her parents or guardians to any screening procedure. In case of such malpractices, the Board may take drastic action leading to disaffiliation of the school.
Further, any school or person violates the above provisions shall be liable for punishment as provided in the RTE Act 2009 following:
- In case a student leaves the school for such compulsion as transfer of parents or for health reason or in case of death of the student before completion of the session, pro-rata return of quarterly/term/annual fees should be made.
- The unaided schools should consult parents through parents’ representatives before revising the fees. The fee should not be revised during the mid-session.
- Fee revision of schools shall be subject to laws, regulation and directions of the Appropriate Government and should be timely intimated to the Board.
- Fee shall not be revised without the approval of the School Management Committee or the process prescribed by the Appropriate Government under any circumstances.
- The Rules and Regulations of the Central and State/UT Governments enacted/framed in connection with regulation of fee in respect of the various categories of the schools situated in the respective State/ UT, as well as the decisions of the Hon’ble Supreme Court of India in vogue in such matters, shall be applicable to the schools affiliated with Bharatiya Shiksha Board.
- For schools situated in foreign countries a transparent process, as per the applicable laws and regulations of the country where the school is situated, shall be followed in respect of all matters related to fee and revision of fee etc.