Section 12(4) in Assam Non-Government Educational Institutions (Regulation of Fees) Act, 2018
(4)The institution shall open and operate separate and only one Bank account for individual non-government educational institution. The parents shall make payments of prescribed fees directly into the concerned school bank account. The acknowledgement of receipt of the total collected fee from the parents shall be given in the form of counterfoil from bank and concerned school, as the case may be.
