Section 6. Development Fund

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.