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Request to open suspended bank account of private university

by endroar

According to the press release of the Private University Association, according to section 44 (7) of the Private University Act-2010, it is mentioned that 'the money of the general fund of the university cannot be spent for any purpose other than the necessary expenses of the said university'. In this case, as the entrepreneur-founders cannot receive any money from the general fund of the non-profit private university recognized by law, the fact that it is paid as income tax or otherwise spent is also a direct violation of the university law. In this case, it is important to discuss and change the conflicting clauses of the Private University Act and the Tax Act with the stakeholders.

When asked, Sheikh Kabir Hossain told Prothom Alo, 'We hope that at least the suspended bank accounts will be opened during this fasting period. Then a decision will be taken in this regard through discussion.'

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