(1) The holder of a permit must inform the Minister—
(a) of any change which renders the information provided for the issue, renewal or modification of a permit inaccurate or incomplete; and
(b) whenever the institution fails to provide all or some of the educational services mentioned in its permit.
(2) Every legal person or body holding a permit must inform the Minister of any amalgamation, sale or transfer affecting it, as well as of any change in the name of the institution.