AHMEDABAD
AIS had earlier promised that it will either refund the additional fees charged by the institution for 2017-18 and 2018-19 or adjust it with the remaining quarters of 2018-19 and 2019-20.
The Fee Regulatory Committee (FRC) recently ordered Ahmedabad International School (AIS) to pay fine of Rs 5 lakh and refund the extra amount charged as fees over the one prescribed by the committee to parents. If the school fails to give the refund within 15 days, it will have to pay an additional fine of 1% of the total payable amount till the refund and fine are paid.
AIS had earlier promised that it will either refund the additional fees charged by the institution for 2017-18 and 2018-19 or adjust it with the remaining quarters of 2018-19 and 2019-20. However, FRC noted that AIS had not fulfilled its promise.
In its order dated July 31, 2019, FRC said, "The school is not entitled to retain the excess fees and it has to be either refunded to the students and/or parents or to be adjusted or as a last alternative to be deposited with FRC, so that FRC can invest the amount and the interest earned thereon. Since the school has not done anything out of these three alternatives, and that too after making a commitment or giving assurance to the FRC, the school has committed the breach of the order passed by the FRC on May 8, 2019, and made itself liable to penal provisions."
Since the school has contravened the provisions of the Gujarat Self Financed School (Regulation of Fees) Act, 2017 and flouted the order passed by FRC, "the school, in addition to refund of twice the amount of fee to the parents or the guardians or the person who has made the payment, is liable to pay a fine of Rs 5 lakh to the FRC, since it is the first contravention of the school".
The order further said that, '... the amount of fine and the amount of refund as indicated above shall be paid by the School within 15 days of the receipt of the order, failing which further fine of 1% of the total payable amount shall be levied each day till the refund of the total amount and fine is paid."
AIS had earlier promised that it will either refund the additional fees charged by the institution for 2017-18 and 2018-19 or adjust it with the remaining quarters of 2018-19 and 2019-20
Congress targets PM Modi's Jamui visit, asks why hasn't Bihar been granted special category status
What is GRAP Stage 3, action plan implemented in Delhi-NCR to combat air pollution?
Sri Lanka Elections 2024: President Anura Dissanayake's party wins majority in general election
Haryana govt has implemented sub classification of Scheduled Castes for job quota
New Zealand’s youngest MP performs ‘haka’, rips up copy of bill in parliament, watch viral video
Amid Champions Trophy row, India emerges top contender to host 2025 tournament if…
Amitabh Bachchan does amazing Taekwondo move on KBC 16 sets, fans wonder if he is really 82
Shillong Teer Results November 15, 2024: Check updates on winning numbers
Boxing legend Mike Tyson slaps YouTuber Jake Paul during final staredown, watch viral video
7 companies led by Mukesh Ambani, Nita Ambani's daughter Isha Ambani
Shahid Afridi's BIG appeal to BCCI amid Champions Trophy crisis, says. 'If countries once...'
Donald Trump picks anti-vaccine activist Robert F Kennedy Jr as US Health Secretary
Manipur violence: AFSPA reimposed in 6 police station areas including troubled Jiribam
Delhi Air Pollution: Delhi-NCR engulfed in thick smog, AQI in 'severe' category
Is Elon Musk buying McDonald's after Donald Trump's win? Here's what we know so far
Jake Paul vs Mike Tyson live streaming: When and where to watch much-anticipated fight
US takes immigration issue 'incredibly seriously': State Dept amid visa delays
Guru Nanak Jayanti 2024: Are banks closed or open today? Check state-wise list here
Beaver moon 2024 today: All you need to know about 2024's last supermoon
Anil Ambani's Reliance Infra posts Rs 4082 crore profit in 3 months, market cap climbs to Rs...
Meet Prerna Singh, daughter of autorickshaw driver, who cracked NEET-UG, her score was...
Meet woman, who cracked UPSC exam while doing full time job, secured AIR 3, now she is...
Viral video: Little girl wins heart with adorable dance to Janhvi Kapoor’s 'chuttamalle' song, watch
IND vs SA, 4th T20I Dream11 prediction: Fantasy cricket tips for India vs South Africa match
IND vs SA, 4th T20I: Predicted playing XIs, live streaming details, weather and pitch report
Delhi: All primary schools closed, classes shifted to online mode due to rising pollution levels
BIG trouble for Anil Ambani, criminal charges against his Rs 14422 crore company over...
Bhool Bhulaiyaa 3 producer calls Singham Again team 'unfair' after the box office win
From Play to Pay, Gaming Is Big Business And A Genuine Professional Prospect
Leasehold vs Freehold: Exploring Options for Expats and Investors in Dubai
Mukesh Ambani's Reliance, Disney complete Rs 70352 crore media merger, to be headed by...
Badshah lands in legal trouble, case registered against rapper for...
GRAP III imposed in Delhi: What is allowed, what is banned amid 'severe' air quality
'Throwing me in deep end': Ricky Ponting takes fresh dig at Gautam Gambhir over Virat Kohli remarks
Revolutionizing Inventory Management in the Cloud Era: Pradeep Kumar’s Strategic Innovations
Delhi: AAP's Mahesh Khichi elected mayor as party defeats BJP in MCD polls
Delhi Air Pollution: GRAP 3 to be imposed in national capital from Nov 15, strict ban on...
WATCH: Inside Rinku Singh's Rs 3.5 crore luxurious house with rooftop bar, private pool
Renowned Yoga Guru Sharath Jois passes away at 53 after suffering heart attack
NASA alert! Giant 'God Of Chaos' asteroid set for close approach to Earth, may trigger astroquakes
UPPSC protest BIG update: RO-ARO exam postponed, PCS prelims to be held in one day
This man earned more money than Mukesh Ambani and world's richest man Elon Musk in one day, he is...
'World's best....': Japan vlogger's reaction to Bengaluru airport goes viral
Sania Mirza named Sports Ambassador of THIS city, not Delhi, Hyderabad, Jaipur
Shloka Mehta turns heads in sleek white gown at Tira store launch, see pics
Amid Abhishek Bachchan and Aishwarya Rai divorce rumours, Jaya Bachchan surprises everyone with...
IND vs SA: Arshdeep Singh goes past Bhuvneshwar Kumar to become Indian pacer with most....
Mukesh Ambani, Isha Ambani’s luxury retail chain opens new store at...