(1) Notwithstanding anything in any law for the time being in force, no sale, mortgage, lease, pledge, charge or transfer of possession in respect of any property of a 39[private institution other than a registered school] shall be made or created except with the previous permission in writing of the competent authority on an application made in this behalf.
39. Substituted by Act No.27 of 1987.
Restriction on alienation of property of private institution.
36 [Act No.1 of 1982]
(2)(a) No permission applied for under sub-section (1) shall be refused by the competent authority except where the grant of such permission will in its opinion, adversely affect the working of the institution.
(b) The competent authority shall pass an order either granting or refusing permission applied for, within a period of sixty days from the date of receipt of the application.
(3) Any person aggrieved by an order refusing permission under sub-section (2) may, in such manner and within such time as may be prescribed, appeal to the prescribed authority.
(4) Any transaction made in contravention of subsection (1) shall be null and void.
29. Where any manager incurs debts for the purpose of running an educational institution without proper authorisation by the management of such institution and where it is found by the competent authority after making an enquiry that the monies received through such debts have not been utilised for running the institution it shall be the personal liability of such manager to discharge the said debts.