Issuance of minister's decision about final license of the institution, after submission of related documents, especially the financial and endowment documents in favor of institution according to article five, and submission of accurate institution budget audited by the licensed public accountant, and thus the institution becomes a legal entity.
The institution's administrative council must have five members selected by founder of the institution, minister should approve them, and statute must mention administrative council member's tenure, which is a maximum of four year renewable term.
If circumstances entail, minister may appoint temporary administrative council, in institutions interest and its objectives.
Institution must notify ministry with copy of MOM of every meeting of administrative council, and what decisions are made in last 20 days from the date of approval, and the ministry has rights to take objections on these decisions in 20 days from the date of its registration in the ministry.
Ministry will supervise institution's work and will monitor implementation of these guidelines and these rules issued, and in this regard has access to institution's books, documents, records. With the copy of financial list for the financial year, reviewed by licensed public accountant maximum four months from the end of financial year. In addition, a copy of forecast of new budget two months before the start of new financial year, for the new year signed by chairman of the administrative council, and institution should also submit other information required by the ministry.
Subject to the decision of council of ministers' no. 127 and dated 30-09-1998, in cases where there is no regulations stipulated herein, the company shall be governed by bylaws and regulations of charitable societies and foundations bylaws issued by the council of ministers' resolution no. 107 dated 23-01-1990.
Subject to the provisions and procedures about endowments for private institutions, it is not possible for the institution to spend from this endowment without prior approval from the minister.
Ministry of Education has the rights to interpret these rules.