Section 40, Public Financial Institutions (Obligation as to Fidelity and Secrecy) Act, 1983 [S1S-ECH]
As at 6 September 2026. In force from 12 April 1983.
40. Prohibition of the running of a school without licence.—No person shall undertake the running of a school except under and in accordance with the conditions of a licence granted under section 41: Provided that nothing in this section shall apply to the running of a school undertaken by or on behalf of the Central Government or a State Government.
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