6. (1) Not more than fifteen percent of total income of
school during the financial year may be transferred to Eligible
Educational Entity as development fund, however, for the year
when school enhances the fees more than fees permitted under
sub-section (1) of section 4 with permission of District Fee
Regulatory Committee during that year such transfer shall not be
admissible.
(2) The development fund referred to in sub-section (1) shall be utilized by an eligible educational entity for operation of school or educational development of school or other schools under that entity. Development fund shall not be utilized for any commercial activity.
(2) The development fund referred to in sub-section (1) shall be utilized by an eligible educational entity for operation of school or educational development of school or other schools under that entity. Development fund shall not be utilized for any commercial activity.