HECI will replace UGC and the All India Council for Technical Education (AICTE). It will be set up as a single overarching umbrella body for entire higher education, excluding medical and legal education. Further, it will have 4 independent verticals: · National Higher Education Regulatory Council (NHERC) for regulation, · General Education Council (GEC ) for standard setting, · Higher Education Grants Council (HEGC) for funding, and · National Accreditation Council (NAC) for accreditation
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The preference shares should be redeemed with in a period of
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