Is accreditation compulsory?
No. It is not compulsory as the accreditation should always remain voluntary since quality has to happen as a commitment from within. Regulation has no place here. However in India it is mandatory for Technical institutions including Business Schools to go for accreditation under All India Council for Technical Education (AICTE) guidelines. It is enough for an Engineering college or business school to with AICTE and affiliation with any University, but they should also obtain accreditation as a proof of quality education from AICTE-NBA or NAAC.