A brief look at legal and regulatory aspects for anyone who wants to enter greenfield primary education in India…
“Education is an ornament in prosperity and a refuge in adversity”
- Aristotle
There is no doubt that in a country as diverse as India, the need for education is paramount – it needs to act as an ornament as well as a refuge. It is part of the critical social sector that needs greater focus from private players.
Private studies indicate that the Indian education sector (at present pegged at USD 100 billion or higher) is expected to grow to USD 180 billion by 2020. This statistic itself, along with the sector’s proverbial recession-proof nature, makes it lucrative. Therefore, we discuss in this series some of the key legal and regulatory considerations for anyone who wishes to set up or invest in primary or higher education in India.
Setting up a School
In this piece, we restrict the discussion to recognized, regulated, and brick and mortar schools that carry a student at least till the tenth standard, to the exclusion of the many schools that either end by the eighth standard (for lack of affiliation with a board) or continue without affiliation.
Before establishing a legal entity or a vehicle that would carry out the activities, it is advisable to first determine what affiliation the proposed school would seek. Hereunder, we will illustratively look at certain features of three nationally prominent boards:
(i) Council for Indian School Certificate Examinations (“CISCE”);
(ii) Central Board of Secondary Education (“CBSE”); and
(iii) International Baccalaureate (“IB”).
All the above have their own independent guidelines that an applicant school has to comply with to receive affiliation, and thereafter, retain affiliation. Some of the key features of each are provided below, with a clear noting that even the CISCE and CBSE, though closer in intent, are not identical.
CISCE
Denne historien er fra October 2017-utgaven av Legal Era.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent ? Logg på
Denne historien er fra October 2017-utgaven av Legal Era.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent? Logg på
If You Think Positive Covid Is A Big Opportunity
Senior Vice President and Head of Legal, ESSAR CAPITAL, Badrinath Durvasula, holds forth on his professional journey, the essence of leadership, working from home, books and more…
PROJECT DEVELOPMENT
JOINT VENTURE TRANSACTIONS
NEW ARBITRATION RULES
PUBLISHED BY THE LONDON COURT OF INTERNATIONAL ARBITRATION (LCIA) AND INTERNATIONAL CHAMBER OF COMMERCE (ICC)
M&A in the time of COVID and beyond
What is clear for those engaging in cross-border M&A is that countries around the world are becoming increasingly protective of their economies and industries, with new rules being introduced and existing rules being more widely applied
SWITZERLAND A DIFFERENTIATED APPROACH TO FRAUD
Swiss law interprets the offense of fraud in a special way where in addition to the characteristics of deception and damage as known in many jurisdictions, a qualified lie, i.e. a malicious approach, is required
JOINT VENTURE DISPUTES MEDIATING
Mediation has shown itself to be a powerful tool for bringing a speedy and effective end to crossborder disputes while preserving the commercial relationship between them.
Recognition of HONG KONG INSOLVENCY PROCEEDINGS IN MAINLAND CHINA
A TEST CASE IN THE MAKING?
CONFIDENTIALITY IN ARBITRATION: RECENT DEVELOPMENTS IN SINGAPORE
Two recent developments in Singapore case law and legislation reflect a willingness to preserve confidentiality related obligations in all arbitrations
ESSENTIAL GOODS SERVICES UNDER IBC
WHAT DOES IT ESSENTIALLY MEAN?
A BIDEN ADMINISTRATION'S NEW VISION FOR THE AMERICAN WORKPLACE
A LOOK AT THE KEY CHANGES PRESIDENT-ELECT BIDEN IS LIKELY TO MAKE ONCE HE TAKES OFFICE