The Board will recognize those institutes which should have standing of atleast 5 years as educational or training institution in the field of Commerce or Business Administration or Management or fulfill certain prescribed standards as laid down by the Board from time to time.

Institutes seeking recognition for this Management Diploma Course should have:

1.Adequate infrastructure and physical facilities, which, in the Board's     opinion, would meet the requirements of the training program.
2. Faculty satisfying the requirements as laid down by the Board in each of     the subjects. The consent of the faculty concerned should be filed with     the application for recognition.
3. Faculty competent in various functional areas as under:

• Finance: MBA in finance or Chartered Accountant or Cost Accountant
• Other Subjects: Master's Degree in Marketing Management/Business Management of any University in India, or equivalent Degree of any foreign University or Diploma of the Indian Institute of Management or Bachelor's Degree of any recognized University plus 5 years experience as Manager-in-charge of the function concerned.
• Diploma in International Airlines and Tourism Management: Masters Degree in appropriate branch of a study or Post Graduate Diploma in Travel and Tourism awarded by University/Board or equivalent with five years experience in Teaching/Profession would be considered.

Each institution applying for recognition will have to pay a recognition fee of Rs 2500/- and admission fee of Rs 2500/-. The recognition will be valid for one year and has to be renewed every year on payment of Rs 2500/-. Recognition will be renewed every year subject to the satisfaction of the conditions laid down by the Board as also performance of students coached by the institute.