(1) The State Government shall, by order, constitute a Fee Fixation Committee, to work out the real cost of delivery of each and every diploma level art education run by the un-aided private art educational institutes recognised and affiliated to the Board. The Government shall, in such order, specify the emoluments and other allowances payable, term of office and conditions of services of the Chairperson and members of the Fee Fixation Committee.
(2) The functions, powers and the procedure to be adopted by the Fees Regulating Authority and factors for determination of fees structure provided in sections 14 and 15 of the Maharashtra Unaided Private Professional Educational Institutions (Regulation of Admissions and Fees) Act, 2015 (Mah. XXVIII of 2015), shall mutatis-mutandis be followed by the Fee Fixation Committee constituted under sub-section (1) while working out the real cost of delivery of each and every such education.