Saturday, January 15, 2011

NON-PROFIT ENTITIES ALLOWED TO ESTABLISH TECHNICAL INSTITUTIONS

Companies registered as non-profit entities under section 25 of the Companies Act will now be able
to establish technical institutions in the country but joint ventures will not be allowed. The benefits
of mega cities will be extended to other regions also for setting up technical institutes, i.e rural and
other areas where the land requirement will be 10 acre and 2.5 acre, respectively.

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