ABSTRACT
Medical colleges have become a business industry nowadays, where rich businessmen in the name of trust and foundations are resorting to making huge profits by collecting heavy amount of capitation fees from students without providing quality education to them. It has been observed especially in some of the recently established medical colleges, that the regulations laid by National Medical Council are flouted, and these medical colleges are run with very little patients in the hospital, poor infrastructure and huge number of "Ghost faculties", who are available only during the time of inspection by the regulatory authorities. The regular faculties who are working are overburdened with teaching work, and are also denied relieving and experience letter if they submit their resignation. There is a great need for the regulatory authorities to have a strict scrutiny on such institutions and implement remedial measures to correct these irregularities.