Amendment status not verified — confirm the current text below against the official source.
(1) Save as otherwise provided in this Act, no private institution shall be closed down or discontinued, unless a notice of not less than one academic year expiring with the end of any academic year and indicating the intention to do so, has been given by the manager to the officer authorised by the competent authority in this behalf. (2) If any manager fails to give notice as required under sub-section (1), he shall, on conviction, be punished with fine which may extend to 38[five thousand rupees] or with simple imprisonment which may extend to 38[one year] or with both and with a fine of 38[rupees one hundred] for every day of further default.