Unaided Professional Institutions Can Decide Fee, Should Not Result in Profiteering: SC
Unaided professional institutions have the autonomy to decide on the fee to be charged, subject to the condition that it should not result in profiteering, the Supreme Court said on Thursday. The observation came while delivering a judgment on appeals pertaining to fee fixation by the Admission and Fee Regulatory Committee for MBBS students in private self-financing medical colleges in Kerala. The top court said that no fetter can be placed on the exercise of power for fee fixation by the Committee, which shall be in accordance with the rules. The High Court committed an error in directing the Committee to take into account only audited balance sheets, and provisional profit and loss accounts in the absence of audited balance sheets, to fix the fee.
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