(1) The Committee appointed by the State Government shall determine fee, to be charged by a private technical , vocational or professional educational institution, located in the State, having regard to the following factors, for all categories of admissions as a whole, namely:-
(a) the location of the institution;
(b) the nature of the technical, vocational or professional courses;
(c) the cost of land and building;
(d) the available infrastructure and equipments;
6 THE HIMACHAL PRADESH PRIVATE TECHNICAL AND VOCATIONAL EDUCATIONAL INSTITUTIONS (REGULATION OF ADMISSION AND FIXATION OF FEE) ACT, 2008
(e) the expenditure incurred or being incurred on the faculty, administration and maintenance;
(f) the reasonable profit, required for the growth and development of the institution (not being more than 10% to 12% of the basic fee determined as above); and (g ) any other relevant factor, which the State Government deem just and appropriate for the determination of fee.
(2) Before determining fee under sub-section (1) , the said Committee shall give the concerned technical, vocational or professional educational institutions and the representatives of the students already studying in such institutions and the representatives of the students, who intend to seek admission in those institutions, a reasonable opportunity to express their view points in writing with regard to the fee determination.
(3) Notwithstanding anything contained in sub- sections (1) and (2), the State Government may, in the public interest, determine a provisional fee:
Provided that the fee shall be fixed in accordance with the provisions of sub-section (1) and sub-section (2) within a period of sixty days from the date of fixation of such provisional fee.
(4) No institution shall charge fee from any student for a period of more than one academic year in any circumstances. However, in order to safeguard interest of the institution, it may require submission of bond or Bank Guarantee from the student for the balance fee.